The Grande General Store, Est.1948

Topics: Income statement, Business, Cash flow Pages: 4 (1280 words) Published: March 3, 2013
The Grande General Store, EST. 1948

The purpose of this paper is to discuss Case #6 in the student text regarding The Grand General Store.The Grande General Store is a family owned business that has been in the family for several generations. The current owner-operators have grown children; however, the children are not interested in following in the family footsteps. Rocky and Anita Grande are getting up in age and are getting tired of running the store. With no one in line to run the store, they have decided to sell the business. The Grande General store is located on the outer edges of Denver, Colorado. The store is well know and well respected amongst the local community. The current employees are also dedicated to the store and some have been with the company for over 10 years. Mr. and Mrs. Grande obviously care about the store and want to see it succeed in the future. They plan to allow the buyers to continue to use the Grande name. The Grande’s are known in the community for being honest and hard working. The businesses and customers they do business with have established relationships with the Grande’s. They are well trusted by their creditors; additionally, local contractors are more than willing to do business with them instead of the larger and cheaper suppliers. Their customers are loyal. The store was established in 1948. Since then, the store has been through some slight changes. The store began as a true general store. They sold everything from food, clothing, farm supplies, penny candy, and even train tickets. In 1970, the store transitioned into a hardware store selling lawn and garden, paints, electrical and plumbing, and general hardware. The store boasts a spacious 4,200 square feet of selling floor space. Additionally, it is conveniently located next to a railroad which allows their storage area to easily accommodate large shipments of merchandise to be stored for later sale. In their storage space, they can easily house large items...
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