Asking Price: $390,000 Gross Revenue: $572,000Cash Flow: $140,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $35,000 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This Center City Food Market has grown into one of the favorite beer sales locations in the area. The store has an E liquor license and also a Sunday sales permit. The owner has a lease that currently runs through April 30th 2025 and has an option to extend the lease through April 30th 2035. The difference in the monthly rent paid now versus in 2035 is only 900 dollars a month.
that means that over 17 years the lease only increases 13 percent and that is in stages. The lease does not include taxes which at the current time are 4500 dollars a year The owner has been working part time for a few years with one employee. If the new owner worked full time and hired someone to reopen the deli area revenues and profits could increase dramatically . Other ways to increase revenues and profits would be to offer delivery, add a website and actually do some advertising. This store could and should be a goldmine for a new owner willing to make some changes. Owner financing may be available with a large deposit
About the Business
Philadelphia County, Pennsylvania
Number of Employees:
First floor of an apartment building this retail store is at the corner at the corner
The store is in a great position to sell beer at prices that are actually higher than Whole Foods and Acme because the store is so convenient. It is also the only convenience store for blocks and blocks in each direction that sells beer.
Growth & Expansion:
This business has the potential for huge growth.Besides an owner that only works part time the business currently does NOT advertise, deliver or utilize a deli area which already exists. There is a retirement home very close which has asked the business to deliver food to its residence but that has not occurred.
NEW LOWER PRICE for Center City Food Market with Huge Beer Sales
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