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This 20,000 sq.ft. full service, well established and well kept
Supermarket has been the primary source of groceries, meat, produce
and related items to this rural Central Florida community for over 70 years. This store
has a full line of groceries, meat, and produce, health and beauty
care and general merchandise as well as a fully equipped
delicatessen, and bakery. This store upgraded its entire
refrigerated cases in 2005 including the meat, frozen foods, dairy,
produce as well as a complete racking operating system. The fully
equipped Delicatessen and Bakery with state of the art equipment and
a newly added Smoked BBQ Cooker with a hot, ready to eat, self serve
display case. They replaced two air conditioners in 2006.
This Market has a full service courtesy counter that includes check
cashing, money orders, phone cards & lottery. There are four
checkout stands and the courtesy counter that is equipped with a
scanning and scale system that was installed in 1995…6 registers.
The major competitors for this Market are all located in adjacent
towns that are at least 6 miles away. This community has supported
this local market due to its convenient location, service, selection
and quality meats and it is reflected in their total store sales. By
targeting the Hispanic trade and by putting the emphasis on the
perishable departments this market puts the Super Stores at a
disadvantage and the sales and gross profit should be higher than
the current financials reflect.
This community is
surrounded by lakes and is a very desirable area of the country. Due
to the seasonal tourist, (snowbirds), the population fluctuates from
approximately 3000 in the off-season to approximately 12,000 –
15,000 during the peak season. This small
Central
Florida
Town
is on the verge of a strong growth due to the abundance of lakefront
property.
The Owner will consider a long-term lease at
$5.50 per sq. ft + CAM
The structure of this sale is an Asset Sale.
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