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High Profit Gourmet Grocery Store In Hamilton, ON For Sale

Hamilton, Ontario, Canada
Asking Price:
$1M - $5M (CAD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$250K - $500K (CAD)

Essential & Profitable Food Store & Catering Business Near GTA

Rare opportunity to take over a profitable, and essential gourmet and local small grocery and food service business. The trade market is excellent, serving the affluent enclave Stoney Creek, Hamilton, on the shores of Lake Ontario.

Essential Food Gourmet Local Grocery, Grab & Go, deli style food store
Offering pre-prepared meals and high quality ingredients.
Products offered are top grade custom butchered meats
Ready made side and main dishes to heat and eat
Products are offered for pickup and delivery, order on-line or in-store shopping.

The business also includes lucrative full service catering which serves special events and the local office and industrial base. Gift baskets and special offers sell for generous profit margins on a seasonal basis and are based on a relatively low investment in inventory and time. The equipment procured is top quality and provides for a high standard of productivity and quality. Why buy a franchise or start from scratch when everything you need is here?

Turnkey business, premises are relatively new, all equipment is ready for the new owner, long term, low cost lease in place. Owner will train and ensure smooth transition. Financing from the BDC or other financial sources with short payback.

There is tremendous opportunity to grow this business by expanding the catering and delivery aspects.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Gross rent is $7,345.25 with 3 years remaining plus an option to renew for 10 more years.

Leasehold Rent:

$88,140 (CAD) per annum

Location:

The store enjoys a corner location of a new neighbourhood strip centre in a high income community. Close to the lake, on the side of the highway that has very little competition, the location has a competitive advantage. The strip centre also includes medical offices and a daycare centre.

Premises Details:

The space is 2,671 SF with 7 years and two options remaining on the lease.

Size in square feet:
2,761

Business Operation

Expansion Potential:

Opportunities for growth include: Increase catering sales by designing an online catering menue for the store website and market to local business, and tourists. Increase the gourmet meats category online and in store. Implement technology to track sales by sku, increasing velocity of higher moving products, offer meal kits and meal kit delivery, as well as a subscription service.

Competition / Market:

There are 4 grocery stores (Metro, Costco, Sobeys and Superstore) on the other side of the highway which can only be accessed by driving to the nearest overpass.

Reasons for selling:

Retirement

Employees:
3
Years established:
7

Other Information

Support & training:

Buyers are committed to a smooth transition with training.

Furniture / Fixtures value:
$200,000 (CAD) - included in the asking price
Inventory / Stock value:
$80,000 (CAD)
Website:
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Related Documents:

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