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Meat & Produce Retailer With Half-century’s Establishment! (37976) For Sale

Philadelphia, Pennsylvania, US
Asking Price:
$2,150,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$10,243,145
Cash Flow:
$676,301

The business provides a wide range of grocery market products and takeout delicatessens. Fresh meat is sold both retail and wholesale to clients and partners within a local radius. From specialized items, name-brands, and freezer specials to deli sandwiches and pre-cooked takeaway meals, this retailer boasts top ratings and a glowing reputation, highly recognized through numerous awards for its quality products.

With reliable equipment and updated fixtures, Revenues in 2022 reached milestone levels of $10,243,145 alongside Discretionary Earnings of $676,301 and EBITDA of $569,869. Multi-certified with strong commands over the local Retail (53%) and wholesale (47%) markets, strategic opportunities for expansion exist through updated POS systems & accepting food delivery services like Uber Eats.

Besides the large repeating client base sending referrals, their marketing efforts include an active website, engagements across social media, direct mailers and convenient location.

The 4,700-square-foot retail facility comes complete with cold storage and case displays, meat cutting and food preparation areas, a backroom for inventory storage, a receiving area, and ample office space! The property holds a quinquennial tenancy of $8,781 per month to a high-traffic shopping site, with options to extend into 2038.

With five decades of industry experience, the business is best suited for involved ownership or GM to oversee the 35 nonunion employees that continue daily ongoings. While a standard transition is ideal, the current ownership will be available for up to two years with compensation. Situated in an affluent Philadelphia suburb, the area offers outdoor activities, excellent education and historically rich culture in a family-friendly environment.

This is a very successful business in a beautiful area, contact IAG today!

Property Information

Real Estate:

Lease

Lease Terms:

Holds a quinquennial tenancy of $8,781 per month.

Size in square feet:
4,700+/-

Business Operation

Reasons for selling:

Approaching retirement.

Trading hours:

Monday to Friday from 9AM - 7PM, Saturdays from 8AM until 7PM and Sundays at 9AM to 5PM.

Employees:
35 nonunion.
Years established:
Founded 1973; Acquired 1993.

Other Information

Support & training:

Involved transition period to oversee personnel and continue daily operations for up to 2 years with compensation.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Standard SBA-term financing will be negotiable for qualified buyers.

Furniture / Fixtures value:
$250,072 - included in the asking price
Inventory / Stock value:
$139,000 - included in the asking price