Retail - Supermarkets | Retail - Other Food Stores

Asking Price	$2,300,000	Inventory	$125,000**
Gross Income	$3,100,000	Real Estate	$1,200,000*
Cash Flow	$275,000	Year Established	N/A
FF&E	N/A	Employees	35

* included in the asking price

** not included in the asking price

This upscale grocer has been a winner for decades because it can provide superior customer service in a way that the large supermarket chains can never match. It has an easy and friendly shopping environment compared to the cavernous aisles and long checkout lines of its supermarket competitors. It has thrived by providing an award winning meat department and delicatessen to which customers in-the-know have flocked for years. Because of its longevity, quality of products, its renowned meat department and delicatessen, plus incomparable customer service, this grocer enjoys name recognition and a reputation that draws in a loyal base of customers from both the surrounding neighborhood and well beyond the borders of the affluent community in which it is located. The business is easily accessed from a major interstate highway. It has off-street parking spaces for approximately 50 cars. It is located near a recently renovated downtown district with upscale boutiques shops and gourmet restaurants. Real estate is included as part of the sale and the cash flow shown above includes both reconstructed income of the business (SDCF)and the real estate net operating income(NOI) The property houses the business on the main level and has several apartment units, on 2nd floor. The immediate area, part of a upscale town already, has been on a strong upswing in recent years.

Facilities: In addition to the business, this opportunity offers the real estate, which includes several apartment rental units. The business itself is approximately 4,000 square feet, including underutilized commercial kitchen area for catering or takeout development. In addition, basement space is available for office and storage.

Competition: It has a prominent location in dense mixed residential and commercial area. Attracts regular locals, and customer from surrounding towns attracted by high quality meat department, deli specialties and personal service. The upscale town already has it's share of large store natural food markets, so possibility of future major competition is limited.

Growth/Expansion: Business operates 6 days a week only, and hours are limited. Extended operating hours into the evening plus opening Sundays could significantly increase revenue. Additionally, a fully equipped commercial kitchen for catering or takeout that is currently not utilized. This can be ramped up for a large scale catering business, prepared ready-to-eat meals, or turned into a seperate specialty or niche high quality "fast food" operation. The business does have an internet site where weekly specials, but could be developed further to add online ordering.

Financing: Possible 2nd mortgage on real estate portion of the sale

Support/Training: The owner is available for transition advice and consulting, and the terms can be negotiated as part of the sale.

Reason Selling: Retirement