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Gourmet Foods Wholesale & Retail
Location Massachusetts,United States
Asking Price Range $250K - $500K
Gross Revenues $1790662
Net Profit / Cash Flow $155000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1953
Number of Employees 10 - 19
Inventory 290000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Yes.
Reason for Sale Retirement.
Description Primary Category: Specialty Gourmet Food - Wholesale and Retail.
Your Reference ID: 16070221.
Asking: $399,000.
Gross: $1,790,662.
Cash Flow: $155,000.
Furniture, Fixtures & Equipment: $240,400.
Inventory: $52,400.
Financing: Seller financing negotiable for qualified buyer.
Specialty gourmet foods and extras that insure additional profitability including Beer & Wine and Lottery. The company prepares its own gourmet meats such as marinaded beef, pork and chicken, and sausage. In addition to the retail customer base, there are several loyal wholesale customers.
Facilities: The company leases 5,500 square feet in a prime location on a high-traffic main road. The space includes a first-floor shop and a separate office. The company has a state-of-the-art video security system to prevent losses. The building has ample free lighted parking. The lease has about three more years and can be renewed with the landlord.
Competition: There are a few other competitors in the region, but none nearby.
Growth and Expansion: Numerous opportunities exist to grow the company. Several new residential housing projects are being developed in the local area that will greatly increase the size of the target market.
Support/Training: Seller will stay for a reasonable time to provide a smooth transition.
Reason Selling: Preparing for retirement.
Year Established: 1953.
Employees: 14.
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