PRICE REDUCED! This well-established and historically profitable Market and Deli business thrived during 2020, despite the effects of the Covid virus. Sales for 2020 exceeded $2 million. The business consistently produces $300,000 plus, in discretionary earnings to the owners each year. Sales for 2021 are up 15% over last year and will exceed $2 million again by the end of the year.
The business and property are for sale.
This business would be an excellent match for an individual, partnership or meat sales specialist to apply their entrepreneurial skills and manage a very successful local community-based business. The present circumstances of adjusting to the effects of the Covid virus has been a very favorable situation for this business as the loyal customers have remained loyal and many new customers have changed their habits from shopping the big box stores to shopping locally as prices are competitive and the quality of their meat selections are superior.
Store income is derived from on-site butcher-cut fine meat sales, a variety of on premises prepared foods and meals and made to order sandwiches, over 100 craft beers, a wide wine selection, domestic and grocery items and event catering services. The store is set up with easily accessible aisles, is well lit and staffed with well trained and friendly personnel. The business is open seven days per week on a varied schedule. The owners have invested in the business to keep equipment and systems up-to-date.
The business and property including $200,000 worth of furniture, fixtures and equipment, training during the transition to a new owner, good will, non-compete agreement, supplier and vendor lists are available for $1,410,000, plus the value of the inventory and supplies at the time of transfer. The value of the inventory and supplies are approximately $70,000 and will depend on the business cycle at the time of the transfer of the business to a new owner. The offering price is allocated at $360,000 for the value of the real estate and $850,000 toward the value of the business and $200,000 toward the assets of the business.