(IN LOI) Discount Grocer Outlet Store – 3 Superstores in PA

Price: $6,700,000

Location: PA

Industry: Retail

Listing ID: 11032020

Discount Grocer with 3 Superstores in Pennsylvania. Established in 2001 with 3 locations all 30-45 minutes equidistant from each other. Each location operates out of roughly a 35,000 SF standalone building on about 6 acres of land each, with all 3 in close proximity to multiple noteworthy universities and higher education institutions. All locations have 200+ parking spaces and hit record sales numbers when COVID-19 first hit. They have built a reputation of providing quality product at a friendly price, performing well during tough economic times with more and more consumers turning to their stores for deep discounts.

Their outlets are always busy! All stores are well-equipped with POS and Security systems, multiple loading docks/ramps, forklifts, storage freezers/coolers and a warehouse with one location’s 2nd floor solely dedicated to management office space. They currently have 160+ employees with long term key management established. This is a turn-key business with opportunity for someone to take it to the next level if delivery option is implemented and they open their doors for Sunday shoppers.

Properties for all three locations appraised at approximately $8.9M are also for sale with Seller preferring to sell as a package along with the business. Financials reflect sales, expenses and profit for all locations combined.

Inventory is NOT included in the asking price.

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