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This
17K sq. ft. supermarket located in the center of a rural historical
town in South Central Florida represents an excellent opportunity
for an aggressive grocery/hands-on owner/manager to acquire a store
that could give a lifetime of above average earnings. The fact that
the property is available with the business, including a Dollar
Store, benefits the value considerably. There are no other
supermarkets in this town and the demographics in this area indicate
this store would probably always have just limited competition.
The improper management of the pricing structure
in this store has caused serious damage to its competitive marketing
image and a loss of sales and gross profit in all departments. The
customers have to drive to the next town 8-10 miles away to find the
nearest supermarket. The store conditions have also deteriorated due
to the lack of ownership participation and the store manager is
physically impaired limiting his activities in properly maintaining
the store and overseeing its operations.
There are many factors that could be implemented
to further increase gross income such as a service deli with hot
ready-to eat foods, increase the Produce department to include
fresh, local bulk fruits & vegetables that are all presently being
packaged. The store needs to put an emphasis on the meat departments
variety and pricing structure. The meat department sales should
easily exceed 30% of the total stores sales. They also need to lower
the prices on key items throughout the store to be more competitive
with the industry standards. The store needs to update its checkouts
to include a scanning system and eliminate the need for hand pricing
all items with label guns eliminating pricing errors excess labor
cost.
Located on a busy highway in the center of a
small town of approximately 6k permanent residents in South Central
Florida, if properly managed, this store should exceed five million
dollars in annual sales with above average gross profit. There is a
large Hispanic/Mexican population in the shopping area that the
store has not marketed. A new owner could target this Spanish market
and increase sales substantially.
Financial information will
be provided upon receipt of a confidentiality agreement.
Call Mark Gallagher
941-504-3498 for additional information and to receive a Florida
Capital confidentiality agreement
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