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Metro-Atlanta High Volume Grocery Store!
Listing was updated at: 11/30/2018
Property Overview
Price/Rent PSF $ 3,199,000.00/14,900.00
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 1
Date Available 11/30/2018
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Description

Metro-Atlanta High Volume Grocery Store at $200,000 Inside Sales! Grocery store with $200,000 Inside Sales per Month for sale with or without Property! Located in Metro-Atlanta off of I-985 North which includes 1.22 acres and a 7,500 square feet Building in Excellent Condition! No Grocery Store Competition close by. Current building is close to school and therefore is not permitted to sell beer. Property has enough space to accommodate another standalone building that CAN Sell Beer and Hot Food! Minimal Competition for Hot Food! Seller has been running the store for 13 years and also has a wholesale business that he is running from the same property. Seller is willing to let the buyer have the wholesale business along with the grocery store business. Currently wholesale does $150,000 per month at 10% margin generating an extra $15,000 in profit monthly. The Grocery Store by itself does $200,000 per month. Wholesale can be expanded if the buyer is interested because the Seller is not delivering product and receives interested customers from different states that he is not servicing. Lottery Commission is $3,000 per month! Seller just started COAM and already has a profit of $4,500 per month from COAM. 3 years contract remaining on COAM. Rack+1 jobber contract with 6 years remaining. All fuel equipment is owned by the jobber. Gas sales are 25,000 gallons per month at 10 cent margins and Diesel sales are 5,000 gallons at 25 cent margin per gallon. Property also sells 2,000 gallons of non-ethanol fuel at $1.00 margin per gallon! The store's net profit is approximately $50,000 per month. If you purchase the property, even after paying the mortgage at full price, you will break even with your down payment in just 19 months! If you purchase the business only, you will break even in just 16 months! Seller is willing to train the buyer for two weeks and share all vendors for the wholesale business and the grocery store business. Excellent operation with $350,000 in Sales per Month! Must visit!! Asking Price with Property: $3,199,000 + inventory. Asking Price for Business-only: $599,000 + inventory. Rent will be $14,900 NN with a 15-year lease available.

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