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Description

Summary Description
Turnkey opportunity to purchase a longstanding family owned and operated local grocery, deli and meat store with an international flair.  This high-volume store has a reputation for quality meats, prepared foods and specialty grocery items not found in other stores.  The business comes complete with a full kitchen used to prepared many of their specialty products and Ready-to-cook meals for a marketplace looking for fresh authentic international foods that are easy to cook.  This is a great location with a favourable lease and in a large neighbourhood.  Owner is ready to retire and help new owner with transition of this solid company that has made a great name for itself.   Seller is active in the business and will require a hands-on owner for the best fit.


General Information
Year Established: 1980
Employees: 26
Facilities:
Located on a busy street with drive by traffic all day and evening.  Parking on site.  The approximate 5,200 sqft of space comes equipped with fully equipped meat and deli counter, refrigerator and frozen foods section, prepared and ready-to-cook meals, and grocery items with an international flavour.  Back counter area includes kitchen and butcher shop as well as storage area and small office.

Market Outlook
Competition: Key success factors for this market is reputation for specialty international foods, home-made prepared foods, unique product line and variety.  This business stands alone.  They fill a void big box grocery stores do not serve, and they are destination point for consumers looking for a more artisan and international flavour.

Growth and Expansion: This company has a huge local following. Opportunities include expanded prepared foods department, expanded hours, online orders and delivery, and additional marketing and advertising.

Property Id : 19268
Business Asking Price: $1,100,000
Including: Furniture, Fixtures & Equipment: $200,000
Inventory: N/A
Gross: $4,000,000
Seller’s Cash Flow: $575,000
Listing ID: LBBO34
Support/Training: Transitional training availableRetirement
Financing: Seller will finance for qualified buyers
Reason for Selling: Retirement

William Sivell

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William Sivell