For Sale
$4,399,999

0 2 Grocery Stores InFarmington Hills, MI 48334

Established Grocery Stores, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
118
Exceptional opportunity to acquire two established grocery stores in Farmington Hills, MI, operating successfully for over 26 years under the same family ownership. This turnkey package includes two stores totaling 14,000 net rentable square feet, ranging from 5,808 to 8,192 square feet individually. Store #1 boasts 8,192 square feet, employs 18-20 people, includes a liquor license, and features recently updated equipment including new produce cases (2018) and eight compressors replaced within the last five years. Its equipment inventory includes two bandsaws, three slicers, a large grinder, and a double convection oven, along with a floor cleaning machine. Store #2, at 5,808 square feet, employs 10-12 people and includes a bandsaw, two slicers, a large grinder, a single convection oven, and a gas stove. Both stores share consistent operating hours: Monday-Saturday 9 am-6 pm and Sunday 10 am-2 pm. The asking price of $4,399,999 also encompasses a 1,152-square-foot house situated behind one of the stores and a separate 435-square-foot building offering additional rental income potential. This is a rare chance to own a well-established, profitable business with significant growth potential in a desirable Michigan location. The property was built in 1941.

Highlights

  • 8,192 square-foot store with liquor license.
  • 18-20 employees; new produce cases (2018); 8 compressors replaced within the last 5 years.
  • Equipment includes 2 bandsaws, 3 slicers, large grinder, double convection oven, and floor cleaning machine.
  • 5,808 square-foot store.
  • 10-12 employees; equipment includes 1 bandsaw, 2 slicers, large grinder, single convection oven, and gas stove.
  • Store hours: Monday-Saturday 9am-6pm, Sunday 10am-2pm.

Property Details for 0 2 Grocery Stores In

Property type
Lifestyle centers, Power centers
Square Feet
5,808 SF
Year Built
1941

Location Insight

City
Farmington Hills
County
Oakland
State
Michigan
Latitude
42.5049385
Longitude
-83.3468784
2 Grocery Stores In, Farmington Hills, Michigan

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0 2 Grocery Stores In
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