Internet Retailer of Cooking & Gourmet Chef Products For Sale

Business description

GourmetPlus, Inc. not only has a wonderful online presence, but also has a fabulous high-traffic retail location with a long term, favorable lease, in an affluent SF Bay area community. GourmetPlus offers a unique selection of kitchen, home accessories and related items. Its Growth opportunities include geographic expansion and further development of internet sales. Experienced management is in place. The business is long established and enjoys a specialized and defensible market position.

For the last three years sales have averaged $1,942,800, with 2007 earnings above $475,000. Revenue for 2008 is projected to be $2,130,000 with earnings above $500,000. Management believes the current store has the capacity to generate revenues of up to $3,000,000 with a corresponding net of approximately $1,000,000.

The current owner wishes to devote more of his time to other interests, thus making GourmetPlus, Inc. available for acquisition.

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