Hugely Profitable Meat Market and Grocery
| Asking Price: | $1,495,000 | Inventory: | $100,000 ** |
| Gross Revenue: | $3,500,000 | Real Estate: | n/a |
| Cash Flow: | $700,000 (comments below) | FF&E: | $185,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: 2009 figures up 77% over last year | |||
The business is a full service butcher shop and meat market, providing a full line of deli meats, cheeses, salads, prepared foods, grocery and specialty items, frozen foods, subs and sandwiches, breads and produce. The company is particularly noted for the wide range of smoked meats (beef, pork, poultry and other meat varieties), hot dogs, kielbasa and other sausages that are prepared in-house. Over its 30 year history, the business has been geographically relocated to three successively larger facilities without any appreciable loss of previous clientele. The primary source for new customers is the company's reputation for providing high quality foods, at reasonable prices, which generates very effective word-of-mouth advertising. The only print media that the company uses is a display ad in a local newspaper to promote weekly and seasonal specials, new products and services. The company has no website and does no web advertising. Occassionally, a glowing newspaper article or human interest story about the company, will spark a wave of new activity.
About the Business
Year Established:1979
Employees:12 full time -
Facilities:The company leases approximately 5,200 sq. ft. of space, divided to provide about 2/3 of the space for retail and the remainder used for food preparation, smokehouse, office space and storage. Equipment consists of a wide array of deli cases, coolers, freezers, walk-ins, meat cutters, saws, choppers and grinders, assorted display racks and shelving. A complete and detailed equipment list is available for review.
Market Outlook and Competition:The only local competition is an independently owned grocery and deli about one mile away. There is no local competition for the smoked and prepared meat items produced in-house. The owner feels that the company should remain specialized and not attempt to compete with the major food chains. The smoked and prepared meats continue to be the most requested items in the store and should be expanded. Due to popular demand, a seafood section was briefly added to the store's product line. Although enormously popular, the current owner didn't feel that he had the product knowledge to properly maintain that department. Naturally, there have been endless requests for catering services and take-out dinners. The company's revenues continue to grow, year after year. Year-to-date figures for the first half of 2009 have increased 77% over last year.
About the Sale
Management Training and Support:Owner will stay on for a negotiated transition period and be available for phone consultation thereafter.
Reason For Selling:Retirement.
Seller Financing:Seller may provide some limited financing for a qualified Buyer.
KEYWORDS: Butcher, Meat Market, Grocery, Delicatessen
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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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