Two Grocery Stores in Southeast MI

Michigan
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Asking Price:$4,399,999
Real Estate:$1,500,000
Inventory:$456,432
Established Year:1941
BUSINESS DESCRIPTION

Family Owned & Operated

These two grocery stores have been family-owned and operated for three generations. The current owners have operated both locations for the past 26 years. It is not a franchise, and both places are being sold together. Also included in the asking price is a 1,152-square-foot house behind the store and a freestanding 435-square-foot building that can be rented for additional income.

1. Store #1 details
-8,192 square-feet
-18-20 employees
-Liquor license included
-New produce cases in 2018
-8 compressors replaced in the past 5 years
-Equipment: 2 bandsaws, 3 slicers, large grinder, double convection oven floor cleaning machine
2. Store #2 details:
-5,808 square-feet
-10-12 employees
-Equipment: 1 bandsaw, 2 slicers, large grinder, single convection oven, gas stove

Store hours: Monday - Saturday 9am-6pm and Sunday 10am-2pm


DETAILED INFORMATION
Location
Michigan
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
14,000
Employees
30
Facilities
Two stores totaling 14,000 square feet, a 1,152-square-foot house, and an additional 435-square-foot freestanding building.
Competition
There are other chain grocery stores in the area, but this one is unique as it is family-owned and operated.
Growth & Expansion
Increasing hours and adding lottery, cigarettes, and prepared foods could help grow the business. A home delivery service could also be added.
Financing
Cash or SBA Financing
Support & Training
The seller will train a new owner.
Reason for Selling
Retirement
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Vince
Hermiz
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Vince Hermiz