How much do you guys think it would cost to buy a Kroger? I was at work today and had the thought of "How much could Krogers corporate headquarters get some poor unsuspecting sucker to pay for this store?" My store for example is I believe the largest or in the top largest for our division, So we have 1 store manager, 1 manager that's just under the head manager, but above the other co-managers, and 4 other co's. And of course our 9 "lovely" department heads, and their 9 "lovely" backups. And sales of about $1,000,000-$1,500,000 a week (with numbers like that, you'd think we'd get paid a bit more). So how much could it cost?
Well, how would you plan on actually keeping the store afloat without using Krogers resources? But hypothetically if the business was self-sustainable, probably around 30-50 million for that volume of store, profits should be 3-6 million per year
-- Edited by DeltaGrocery on Saturday 9th of January 2016 10:47:20 PM
How much do you guys think it would cost to buy a Kroger? I was at work today and had the thought of "How much could Krogers corporate headquarters get some poor unsuspecting sucker to pay for this store?" My store for example is I believe the largest or in the top largest for our division, So we have 1 store manager, 1 manager that's just under the head manager, but above the other co-managers, and 4 other co's. And of course our 9 "lovely" department heads, and their 9 "lovely" backups. And sales of about $1,000,000-$1,500,000 a week (with numbers like that, you'd think we'd get paid a bit more). So how much could it cost?
I have a better idea. Win the Powerball lottery. Start a corporation. When that corporation gets big enough, use the capital to fund a hostile takeover of Kroger. Fire all the people at the top.
Rumor is they keep paying leases on empty buildings for many many years after vacating them. They don't want a competitor moving into the space and make use of fixtures.
Essentially it's a pointless question, end of discussion.
Rumor is they keep paying leases on empty buildings for many many years after vacating them. They don't want a competitor moving into the space and make use of fixtures.
Essentially it's a pointless question, end of discussion.
I'm pretty sure that whoever owns the property can lease it to anyone anytime they want to. But as long as the company wants an empty building they can keep leasing to Kroger. I rather doubt any of this is true though. An empty store that size is usually an eye sore and hurts the revenue of surrounding businesses.
That does honestly sound like something this company would do, though.
Waste money on a lease when they won't let employees work 15 minutes OT? I bet Kroger would rather keep that money than waste it on a lease for a building they aren't using.
We had a Sam's Club and Costco war here a few years ago. They put in a new Sam's Club so Costco opened up right across the street just to run them out of business. As soon as Sam's Club closed, Costco did too! Ran em out of town.
Those buildings are left standing because no one wants to pay the demolition costs. That's all. Many of them do sell and become used for alternate businesses eventually; others are left standing until tax payers foot the bill to raze them.
What pisses me off is the irresponsible, poorly researched decisions behind building them in the first place----like the Sams vs Costco thing above described. Good land ripped up, and for what?
yeah, i really don't think Kroger is paying a lease on an empty building, it's just that they didn't want to tear it down, and no one's wanted to buy it yet. Our old Kmart building was finally sold and turned into another business, but it sat empty for a while because not too many stores wanted to build in a small town.
yeah, i really don't think Kroger is paying a lease on an empty building, it's just that they didn't want to tear it down, and no one's wanted to buy it yet. Our old Kmart building was finally sold and turned into another business, but it sat empty for a while because not too many stores wanted to build in a small town.
Our old Kmart was turned into Wynn Dixie, then Kroger. I miss Wynn Dixie. Heck, I think I even miss Kmart lol!
Those buildings are left standing because no one wants to pay the demolition costs. That's all. Many of them do sell and become used for alternate businesses eventually; others are left standing until tax payers foot the bill to raze them.
What pisses me off is the irresponsible, poorly researched decisions behind building them in the first place----like the Sams vs Costco thing above described. Good land ripped up, and for what?
The Sams/Costco stores were on prime property here in my city. There's probably a list a mile long of businesses wanting to open up shop on that strip of land. I doubt their decision was poorly researched, Costco or Sams. If one business closes you can bet another one opens up shop in that location within months!
This comment may be "neither here or there" but I just thought of something........ The former Kroger store location in Clarksville, Indiana (next to the present Big Lots and Office Depot) has stood EMPTY for approximately 16 or 17 years (I think they moved to their present location in about 1999). WHY? I would love to hear any comments or information from anyone that has knowledge on what is going on there. Seems like another store (of any type) would have moved in by now. Is the asking rent too high??
Btw,I do vaguely remember that old Kroger store space was occupied (just for a short time, maybe less than a year) during the building of a new Goodwill store (the old one burnt down, and so Goodwill used that space to do business until the new building was finished). Seems like that might have been in the very early 2000s... not sure.
