Eastern Shoreline Upscale Food Market With Real Estate For Sale

Business description

Long established family grocery market with superb meat and deli departments. Anchored by its core values of superior service and high quality foods and specialty items, it has been able to stand the test of time while evolving with the latest advances in the natural and organic food industry. Profitable on sales of over $2 million. Buy business and lease or also buy the very well located property.

Property information

Real Estate:

Real Property Included

Lease terms:

The owners of the business are also the owners of the real estate. The real estate is being offered both for lease at $3500/month NNN or for sale at $525,000. The single story architecturally charming building is freestanding with a partial basement. It’s on a very busy secondary road with has excellent driver visibility. There is onsite parking for 25+ cars.

Location:

Eastern Shoreline

Business Operation

Expansion potential:

Obvious growth opportunities are to build a website presence, expand relatively short current hours, offer local delivery services (it’s the kind of community that would pay extra for such service). Expanding meals and orders for pick up is also an area for growth.

Competition / Market:

A few indirect competitors have been established in the area for a long time and the competitive situation is stable, with no new recent competition and none anticipated.

Reasons for selling:

Retirement

Employees:

10 ft, 4 pt

Other information

Support & training:

Local full time working owner is flexible to customize a transition plan

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller may participate in financing a minor part of the sale price.

Inventory / Stock value:

$95,000

Lease asking price:

$360,000