HS Listing ID-69067
Industry: Specialty Grocery / Provisions
Year Established: 2024
Asking Price: $110,000
Owner works here full time
Business Description:
Recently opened specialty grocery and provisions store, established in September 2024. The business operates from a 1,000 square foot storefront with an unfinished basement that provides additional storage or future expansion potential, subject to approvals. The operation is straightforward with limited licensing requirements and a modern build-out already in place.
Facility & Lease:
Size: 1,000 square feet
Rent: $5,500 per month
Annual Rent: $66,000
Annual Rent Increase: 3%
Lease Term: 10 years remaining
Licensing & Operations
Prep license in place
No kitchen
No beer or wine license
Unfinished basement included for storage or future use
Financial Summary (Annualized)
Gross Revenue: $500,000
Cost of Goods Sold (65%): $325,000
Gross Profit: $175,000
Gross Margin: 35%
Less Expenses:
Rent: $66,000 annually
Insurance, utilities, cable, and internet: Estimated $20,000–$25,000 annually
Net Income
Estimated Net Income: $84,000–$89,000 per year
Highlights:
Newly opened in September 2024 with modern build-out
Simple operation with limited regulatory complexity
Strong gross margins for a specialty grocery/provisions concept
Basement provides operational and expansion upside
Long-term lease in place offering stability
Ideal Buyer:
Owner-operator
Specialty grocery or provisions operator
Existing concept seeking a turnkey location without heavy build-out
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
