Their Food Market was established in 1959 as a butcher shop. Shortly after in 1961, the store began to offer grocery, dairy and frozen foods. In 1972 they began to offer fresh deli utilizing Dietz & Watson, as the primary wholesaler. Today, the Food Market offers sandwiches, a large volume deli and meat section. They are open 7 days a week. Monday-Friday 8am-6pm, Saturday 8am-5pm and Sunday 8am-3pm. During those years the store maxed out at $550,000 a year in sales. It wasn't until 1999 when they bought the store and changed the business philosophy. By 2002, sales were over $1.5 million. Today they boast a high volume deli, award winning sandwiches and top quality meats to go along with a large grocery section. In 2006 they purchased the building and 2 empty properties. In 2000, they purchased another store in the same shopping center and converted it into a full line produce store with crafts, seasonal flowers, baked goods and dried nuts and candy. Both stores are approximately 2,700 sq.ft. with walk-in additions added to the back of both. The farmers market has a lottery machine that generates $25,000-$30,000 a year in commissions. In 2015 a nursery was attached to the farmers market to allow for increased flower sales. The nursery is 25 ft. x 60 ft. in size with a 4-zone automatic sprinkler systems. Today, sales in the farmers market is over $800,000. Currently they own 2 buildings and 2 pieces of additional properties in the shopping center. Sales for both stores are approaching $3 million dollars a year. This is being sold as a complete package - 2 markets and a nursery with real estate plus 2 pieces of land at the end of the shopping center that could be used for future growth.
Contact: Gary Hersh /www.hershassociates.com // firstname.lastname@example.org
About the Business
Contact the Seller
- Cherry Hill, New Jersey
- Year Established:
- Number of Employees:
11 F/T - 15 P/T
- Real Estate:
- Building Sq. Ft.:
The 2 stores plus a nursery are kept in excellent condition. All equipment is in top shape. If something breaks, they fix or replace it.
There is very little competition in the area and nothing on this scale.
Growth & Expansion:
This is a turn key operation and it would be a plus if you know the food business.
About the Sale
- Reason For Selling:
The owners will stay on several weeks or longer for a smooth transition.
- Seller Financing:
If your experienced in this Business.
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