Business Overview

Roy’s Market and Maggie’s Marketplace, are being offered as two combined business opportunities. Not only do both businesses share adjacent physical space, they offer unique but complimentary products that are attractive to customers of both stores. The retail experience is that of a brick-and-mortar farmers market.

Roy’s Market specializes in fine meats (full service butchery), fresh fish, locally grown produce and fresh baked bread. Shelves are packed with both standard and gourmet products. Known for its superior customer service, it has been voted a Top 10 Grocery Store in New Hampshire.

Maggie’s Marketplace specializes in organic and gluten free products, health food and wellness products (vitamins, supplements, & herbal offerings), as well as a supply of kitchen tools and gadgets. Freshly prepared, health conscious foods including salads and lunches are offered daily.

Financial

  • Asking Price: $1,750,000
  • Cash Flow: $325,553
  • Gross Revenue: $2,258,563
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $158,000
  • Inventory Included: N/A
  • Established: 1938

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:6,840
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Three building complex with each building adjacent to each other totaling 6,840 +/- SF. The second floor above the main building is residential for use as owners suite or additional rental income.

Is Support & Training Included:

2-4 weeks.

Purpose For Selling:

Retirement.

Additional Info

The company was founded in 1938, making the business 84 years old.
The deal won't include inventory valued at $158,000*, which ins't included in the listing price.

The company has 12 employees and is located in a building with disclosed square footage of 6,840 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. However, the true factor vs the one they tell you might be 2 totally different things. For instance, they may claim "I have too many various commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competition, current reduction in incomes, or a range of other factors. This is why it is really important that you not count absolutely on a vendor's word, yet instead, utilize the vendor's response along with your total due diligence. This will repaint a more reasonable image of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that profit margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in brand-new customers? Many times, operating businesses have repeat clients, which form the core of their day-to-day profits. Certain aspects such as brand-new competition sprouting up around the location, road construction, as well as personnel turn over can impact repeat customers and also negatively influence future profits. One important thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business regularly, the greater the chance to build a returning consumer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood average house earnings influence future revenue potential?