Profitable/Absentee Supermarket For Sale in Fort Wayne, IN

Asking Price: $1,999,999

Annual Figures: 2024
Gross Sales: $4,561,927
Net Profit: $575,971

Expenses: 2024
COGS: $3,692,453

Highlights:
- Been in business since 2003 when owner opened it
- Owner is fully absentee
- 25 employees. Store manager gets paid $120,000 a year
- Around $90,000 a week in sales
- $1,000,000 in payroll a year
- Owner put around $600,000 into the store. New coolers, compressors, and HVAC system
- $150,000 in inventory
- Store is 15,000 sqft. Retail side is 11,000 sqft. Warehouse is 4,000 sqft
- Property is 4 acres with 4 tenants
- Property collects $86,000 a year in rent. Rents can be raised.
- Property is worth around 3,000,000
- Does not have beer and wine license
- Has a huge deli section


2024 - Gross: $4,561,927
Addbacks from 2024 Tax Return:
Compensation of officers: $152,699
Interest: $17,143
Depreciation: $7,768
Amortization: $13,790
Ordinary business income: $384,571

Adjusted net income for 2024: 575,971


2023 - Gross: $3,890,379
Addbacks from 2023 Tax Return:
Compensation of officers: $150,824
Interest: $26,040
Depreciation: $7,770
Amortization: $13,790
Ordinary business income: $305,873

Adjusted net income for 2023: 504,297

2022 - Gross: $3,386,695
Addbacks from 2023 Tax Return:
Compensation of officers: $150,824
Interest: $19,101
Depreciation: $179,560
Amortization: $13,790
Ordinary business income: $337,665

Adjusted net income for 2022: $700,940