PENDING - High-Volume Gourmet Market
Listing Price: $1,399,999
- Asking Price: $1,399,999
- Cash Flow: $350,000
- Gross Revenue: $10,333,237
- FF&E: $1,000,000
- Inventory: $700,000
- Rent: $30,000
- Established: 2008
Business Description
Over 10 Million in Sales
This high-volume gourmet market was beautifully renovated three years ago and offers the best quality fruit and vegetables, a full deli and bakery, catering, and gourmet prepared foods. It also has a large selection of beer and wine. Adding liquor would improve the already strong sales of $10,333,237 (2023 Tax Returns). Customers can schedule a pick-up or delivery of their order through InstaCart. The current owners have other markets and cannot spend the proper time at this location. This business needs an experienced grocery store operator to continue what the current owner has built over the years. This loan does qualify for SBA financing. The current owner will train as needed, but the market is completely staffed in every department.
Hours: Monday-Sunday 8am-8pm
Lease is a gross lease (including NNN) and expires 8/31/39 with two additional 5-year options.
Detailed Information
Location: Oakland County, MI
Inventory: Inventory is not included in asking price.
Real Estate: N/A
Building SF: 25296
Lease Expiration: 2039-08-31
Employees: 22FT / 49PT
Facilities: This 25,296-square-foot building is in a busy plaza on a highly traveled road.
Competition: Normal competition in this area
Growth & Expansion: Adding liquor could increase sales.
Financing: Cash or SBA Financing
Support & Training: Seller is willing to train a new owner.
Reason for Selling: Other business interests
Lease Info: Gross lease (including NNN) with two additional 5-year options
- Listing ID: 54715
- BizBuySell ID: 2305090
