Hot Listing

Two Strongly Performing Farmers Market-Style stores for sale

Asking Price$975,000

Cash Flow
$369,808
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,582,055

Inventory$75,000
Not included in asking price
FF&ENot Disclosed

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Hot Listing

Two Strongly Performing Farmers Market-Style stores for sale


Asking Price$975,000

Cash Flow
$369,808
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$3,582,055

Inventory$75,000
Not included in asking price
FF&ENot Disclosed

Business Description
Rapidly growing geography
These two stores are staples in the local community and are located approximately 1.5 miles apart. One location is in a very busy strip mall while the second is located next to several new luxury apartment buildings and a train station. Hours of operation are 8am-8pm Mon- Sat and 8am-7pm Sunday.

One store sells roughly $40K/week on average. The owner recently opened the second store, due to the strategic geography and extremely low and favorable rent terms. The new store is expected to gross $25K/week. There is another new building under construction within steps, which will artificially increase demand.

The stores sell a variety of products such as meats, groceries, dairy, produce, and general consumer packaged goods. The vast majority of sales are produce, estimated at approximately 60% of total revenues. Groceries and dairy make up the next largest categories. The seller has a POS system, which will be leveraged in due diligence.

The owner does not stock shelves or work the cash register. He handles purchasing, manages the payroll/employees, and provides general oversight.
About the Business
Employees
10
Facilities & Assets
Store 1: $11K/mo; 3K sq. ft.5 yr plus 5 yr option, renewed in 2019

Store 2: $3900/mo; 1996 sq. ft. 5 yr plus 5 yr option, just began
Market Outlook / Competition
The stores are being packaged due to economies of scale, there are not many other high quality stores like these close by for consumers
Opportunities for Growth
Growth opportunities include wholesale/supply to restaurants, offering delivery, and capitalizing on the new building development which will lead to an influx of population
Real Estate
Owned or Leased
Leased
About the Sale
Seller Motivation
Spend more time with family
Transition Support
Seller is willing to stay on for 1-month to support transition
Listing Info
ID
2399879
Listing Views
769

Contact Seller

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Business Listed by: Michael Janis NJ Broker Plus LLC.

Listing ID: 2399879 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. See our full Terms of Use. Learn how to avoid scams.


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