55+ Year Meat, Seafood, Deli & Grocery Store

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Description

Summary Description
Second generation family-owned business located in Chatham-Kent providing high quality meat, seafood, deli and grocery products to both the retail and wholesale sector with a small presence in processing and manufacturing.  The company has been in business for more than 55 years and, over that time, established a strong reputation for product quality and service.   Capable management is in place to run the business making this an attractive opportunity.  Owner is ready to retire and help new owner with transition of this solid company that has made a great name for itself.

Real Property also available, asking $500,000

General Information
Year Established: 1963
Employees: 9
Facilities: Located on a busy street with drive by traffic all day and evening.  Parking on site.  The store comes with fully equipped meat and deli counter, refrigerator, and frozen foods section, prepared and ready-to-cook meals, and grocery items.  Back counter area includes processing and manufacturing space, large cold storage, and large dry good storage as well as office space.

Market Outlook
Competition: Key success factors for this market is reputation and loyal repeat customers.  This business stands alone amongst the competition.  They fill a void big box grocery stores do not serve, and they are a destination point for consumers looking for a better quality and fresh product.

Growth and Expansion: This company has a huge local following. Opportunities include expanded processing and manufacturing department, expanded hours, online orders and delivery, self-branded product and additional marketing and advertising.

Property Id : 19762
Business Asking Price: $300,000
Including: Furniture, Fixtures & Equipment: $100,000 Inventory: $100,000
Gross: $1,690,000
Seller’s Cash Flow: $115,000
Listing ID: LBBO39
Support/Training: Transitional Training Available
Financing: Seller will finance for qualified Buyers
Reason for Selling: Retirement

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William Sivell

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