Absentee-Owned Grocery Store with Property and Duplex Less than 1 Hour from Memphis in Caraway, Arkansas!
Absentee-Owned Grocery Store with Property and Duplex Less than 1 Hour from Memphis in Caraway, Arkansas!
Price: $349,000
Industry: Grocery Stores and Supermarkets
Listing ID: CARAWAYAR349K
Asking Only $349,000 plus inventory!
An Owner-Operator is needed to bring the sales back up! Business used to generate more than $80,000 sales per month with an owner-operator. Currently, the sales are roughly $50,000 per month.
Payroll is extremely high at $8,400 per month because Seller is Absentee! Huge Opportunity for an Owner-Operator to take over!
No Competition! The closest competition is over 15 min away from the store!
Building is 8,700 sq ft with a duplex included! Each unit is 1 bed and 1 bath.
Both units are currently being rented out for $1,100 total per month on month-to-month leases! Buyer can collect the rent or take over one or both units!
Property is 1.14 acres!
Huge demand for hot food in the area! Also a major opportunity to add gas pumps and significantly increase the business!
The store is clean and a one-stop-shop for groceries and good quality food in the area! All equipment is in great condition!
Average traffic count of 1700 vehicles passing by the store each day!
Less than an hour from Memphis, TN! 30 minutes from Jonesboro, AR! Less than 30 minutes from Osceola, AR!
Asking Price for Business and Property is only $349,000 plus Inventory! Inventory is not included in the asking price. Inventory may be roughly $85,000 at cost but that is only a guesstimate.
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Gross Revenue: $600,000
Non-Owner Payroll: 8400
Square Footage: 8700