Gourmet Grocery For Sale

Business description

This unique, upscale grocery store caters to an affluent clientele and offers a broad array of gourmet and fresh, high-quality food items at cost-competitive prices. Originally established nearly ten years ago in a different location, the current store has been open for 4+ years and has exhibited steady year-over-year sales growth. The 8,000+ square foot store is located in a very popular, high-traffic retail center conveniently located near one of the most affluent areas in the state.

Fines foods offered by the business include hand-cut fresh fish and meats, olives, bread, cheese, groceries, produce, deli items, prepared side dishes and entrees, and a full café serving soups, salads and sandwiches. The uniqueness and quality of the company’s offerings tend to attract a more affluent clientele, which in turn, allows the company to enjoy better profit margins than the more competitive mass grocery market. Continued growth and margin improvement is expected for this business, with the possibility of additional satellite stores in this market or beyond.

Property information

Real Estate:

Lease

Lease terms:

in 4rd year of 10 year lease. Reasonable lease rate

Location:

Great location in newer high-traffic retail center in affluent part of town

Other information

Expansion potential:

Needs more / better advertising and promotion -- some capital restraints at present.

Competition / Market:

Moderate -- less so in their fresh / organic niche

Support & training:

owners would train

Reasons for selling:

Personal / family reasons

Trading hours:

Normal retail

Financing available:

SBA Loan candidate

Furniture / Fixtures value:

$75,000

Inventory / Stock value:

$150,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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