NEW LOWER PRICE for Center City Food Market with Huge Beer Sales

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GREAT OPPORTUNITY TO OWN ESTABLISHED BUSINESS WITH GREAT LEASE
Asking Price:
$390,000

Gross Revenue:
$572,000
Cash Flow:
$140,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$35,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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

Location:
Philadelphia County, Pennsylvania
Number of Employees:
1
Facilities:
First floor of an apartment building this retail store is at the corner at the corner
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
retiring
Training/Support:
2 weeks

Listing Info

ID:
1567090
Ad Detail Views:
107

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Business Listed by

Richard Collins

TransWorld Business Advisors

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