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Ann Arbor Fresh Food Market SALE PENDING
| Asking Price: | $550,000 | Inventory: | $235,000 ** |
| Gross Revenue: | $3,990,000 | Real Estate: | n/a |
| Cash Flow: | $210,000 (comments below) | FF&E: | $220,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: EBITDA | |||
Unique well established independent southeast Michigan high-end food market offering locally grown produce, distinctive groceries and wines, exceptional garden center, fresh cut flowers, gifts and more. Distinctive facility particularly well suited for the discriminating client.
A small yet comprehensive indoor and outdoor market, the store is fully stocked with hand - selected farm-fresh produce, packaged specialty foods, seasonal plants and much more. Owners have created a friendly place to discover new ways to enjoy great foods and gardens and share it with others. Since 1994, the current owners have built a solid relationship with local clientele who are not satisfied with the local grocery store fare. The response has been gratifying over the years. The Market has become noted and respected for the personal touch from the entire staff.
A small yet comprehensive indoor and outdoor market, the store is fully stocked with hand - selected farm-fresh produce, packaged specialty foods, seasonal plants and much more. Owners have created a friendly place to discover new ways to enjoy great foods and gardens and share it with others. Since 1994, the current owners have built a solid relationship with local clientele who are not satisfied with the local grocery store fare. The response has been gratifying over the years. The Market has become noted and respected for the personal touch from the entire staff.
About the Business
Year Established:1994
Employees:25 full time -
Facilities:Housed in a distinctive 8,100 sq. ft. leased facility in Washtenaw County, Michigan in an area of discriminating clientele
Market Outlook and Competition:While there are other stores in the area offering similar product quality, they lack the personal touch that is so much a part of this store. The size alone provides a ‘personal’ feel to the business. There is some industry talk that the closest competitors who are much larger may be leaving the market The personal touch that has become the tradition at this business will provide strength and ‘staying power.’ The store is supported by an excellent Internet presence that could be increased through typical search engine optimization tools on the already impressive website.
About the Sale
Reason For Selling:The owners are ready to retire and wish to turn the business over to a new owner with the same passion for personalized service that is so much appreciated in this age of big box retail
Seller Financing:Although cash at closing is preferred, Seller is willing to carry minor paper for a creditworthy buyer.
KEYWORDS: Supermarket, Grocery Store, Market, Specialty Foods,
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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