Industry Overview
The global food & grocery retail market size was valued at USD 11,324.4 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 3.0% from 2022 to 2030. The growth can be primarily attributed to COVID-19 lockdown-induced higher spending on groceries, increased online-grocery sales volume, and consumer polarization. The pandemic resulted in the emergence of consumer polarization where some consumers scaled up to purchase expensive products. Furthermore, the pandemic-induced increased cooking at home has been a major growth driver for the market growth. The COVID-19 pandemic has altered the food and grocery retail industry.
Location
This great business is located in one of the large metropolitan area in the southern United States
Business Description
Profitable Full-Service Supermarket is one step ahead of their competitors in the area with a very strong proposition in place: the most popular supermarket in the metropolitan area and throughout the region.
In a depth analysis into Profitable Full-Service Supermarket offering, one may realize the following distinctive characteristics of critical success factors:
- Biggest variety of ethnic foods that you can imagine, Chinese, Japanese, Indian, Vietnamese, Korean, Thai, central American, Persian, Caribbean, African and many more foods, as well as mainstream American groceries;
- Great selection of fresh produce, meat and seafood with very competitive price and quality. The owner’s philosophy is to buy larger quantity in discounted price and sell cheaper than everyone else;
- Profitable Full-Service Supermarket has developed good working relationships with all the suppliers. New owners will be able to enjoy the relationship seamlessly (the current owner will work with new owner).
And Many more...
Financial Summary
Basic fact of the business: Annual Gross Sale: $19+ Millions; Adjusted EBITDA: More than $2.55 Million, serving loyal customers in the area, region and even from other cities for 18+ years and counting.
Transaction Information
Full sale of the current business
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