This thriving Gourmet Grocer and Catering Restaurant has proven to be a successful operation over the past three decades. Its diversified marketing formula includes select shelf products such as gourmet wines, cheeses, preserves, pasta, and sauces in conjunction with a popular lunch restaurant and numerous catering events. Gift baskets are custom prepared for seasonal holidays and events as well. A private-label sauce selection brings the company some wholesale business. A wine club builds repeat business among its existing customers.
- Asking Price:
- $1,125,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,402,638
- Cash Flow:
- $80,128
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business operates from an approximately 4,500 sq. ft. retail building on a 6,000 sq. ft. site with paved parking on a busy, commercial street not far from a major supermarket outlet. The building includes restaurant furniture and fixtures, built-in coolers and freezers, and lower-level warehouse space with a loading dock on the alley.
Business Operation
- Expansion Potential:
-
Organic growth and robust business throughout the Pandemic have proven the value of the present business concept. A new owner may want to experiment with expanding the wholesale business or expanding the restaurant side of the business. Targeted promotions aimed at the travel and tourist industry may bring in more daily visits.
- Competition / Market:
-
The grocery business is very competitive and dependent upon the vibrancy of the local economy. The long-term success of this particular grocer underscores the proven elements of its business model. Many repeat customers make a point of visiting the store from the small towns within a 75-mile radius of the store to stock up on their favorites or try new offerings. There's also sizable tourist traffic and is down the street from a major grocery chain store.
- Reasons for selling:
-
Owners wish to retire.
- Trading hours:
-
Mon-Fri 9am-5:30pm; Sat 9am-5pm; Sun 9am-2pm
- Employees:
- 9 FT/2 PT
- Years established:
- 33
Other Information
- Support & training:
-
Will train for 8 weeks @ $6K.
- Furniture / Fixtures value:
- $175,000 - included in the asking price
- Inventory / Stock value:
- $525,000 - included in the asking price
