Hot Listing
Two Strongly Performing Farmers Market-Style stores for sale
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.
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
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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