Landmark CommercialFor Sale
For Sale:

AGRICULTURE SUPPLIES AND SERVICES WITH REAL PROPERTY

Listing #: BR210630
Description: 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.
Location: Delaware
Lower Kent County
Established: Opened for business in 1940.  It is now being offered by the estate of the second owners who purchased it in 1982
Real Estate: 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.
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.

Other: The business has an active Facebook page but lacks a website - an easy addition for advancing business presence.
Financial: 2020 Revenues: $662,326
SDE (Owner's cash flow): Negative, see above
Inventory $100,000 +/_
Fixed Assets: $15,000
Price: Business and Real Estate: $395,000
Terms: Several avenues of financing available, including some owner financing.

 

 

 

Call 410-827-7200 or email us for more information about this business.