AGRICULTURE SUPPLIES AND SERVICES WITH REAL PROPERTY
||Independent Southern States store serving the area's farmers,
gardeners, and pet owners. As an independent affiliate they are
able to extend there product line beyond that of the co-op stores.
The real estate they occupy conveys with the business.
Lower Kent County
||Opened for business in 1940. It is now being offered by the
estate of the second owners who purchased it in 1982
||The real property includes six buildings totaling 9,000 sf on 0.9
Acre and is partially fenced. The retail store @ 4,000 sf is the
largest. It sets next to a railroad spur. The spur is still
active, but no longer used by this business.
This sale is an opportunity to purchase a business at a heavily
discounted price. A good business declined in recent years due to
inability of the owner to properly manage. Employees continue to operate
the business under the monitor of the estate heirs. Volume remains
decent, but the cash flow is currently negative. Margins are too low and
inventory too high, items easily corrected. The real estate is
under utilized - several buildings could be leased out for additional
income until the level of business requires their use.
||The business has an active Facebook page but lacks a website - an
easy addition for advancing business presence.
||2020 Revenues: $662,326
SDE (Owner's cash flow): Negative, see above
Inventory $100,000 +/_
Fixed Assets: $15,000
||Business and Real Estate: $395,000
||Several avenues of financing available, including some owner