Price: $3,000,000
Location: Middlesex County, New Jersey
Industry: Food Market
Listing ID: FMKT200
Owner retiring to Florida, offering this wonderful highly profitable specialty food market opportunity with gross income of $8,000,000 and a substantial net yearly income. This retail food market with various departments, offers a full range of quality foods with a substantial market up to the company. If you are seeking a solid business opportunity with continued growth, view the details of sale. This is a dependable safe business opportunity and based on the price, and yearly net income, this business offers a consistent return on investment to the owner operator or general investor.
Listing Details
Revenue: $9,876,909
Cash Flow: $821,972
FFE: $545,000 (Included in Price)
Inventory: $100,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner retirement after many years of success in this particular industry.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Operation
Year Established: 2010
Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 8:00 am to 7:00 pm.
Owner Hours Per Week: Full Time
Employees: Regarding employees and payroll; this retail company consist of twenty-nine employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salaries, and the staff is fully expected to remain post-closing.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Square Footage: 6,900
Relocatable?: Yes
Facilities Information:
This business opportunity is in central New Jersey, Middlesex County on a highly active county road. This business facility consists of two separate locations, approximately 6,500 square feet with a modern, attractive, and professional appearance. The business is in a retail facility conveniently location for its various customers.
Summary
Historical Summary:
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Owner Qualifications:
For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.
Competition:
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Potential Growth:
Regarding growth and expansion, the retail company can be further developed by increasing the days of operation, improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
Also, bank and seller financing are available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.