Listing ID: 81335
This specialty supermarket is customer-focused, offering products and services to reward their customers with weekly deals, loyalty programs, and a higher level of customer service. Family-owned and operated for many decades, this is a rare opportunity to purchase a Specialty Market that has given unsurpassed services and offered the best selection of imported and domestic foods while being voted the best supermarket and deli for numerous years.
• EBIDTA 2021 – $1,977,912
• Cash Flow/SDE – 2021 – $2,177,912
• Excellent reputation in the community for delivering fresh and new items weekly.
• New upgrades made recently, with upgrades to equipment, displays.
• Over-the-counter services for fresh meat, seafood, and deli.
• Increased sales for 50 years by creating new concepts and new service departments. In the last year sales increased 60%.
Equipment estimated value over $1MM
$ 15,006,068 Revenues for 2021.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or contact _Elizabeth Jade & Bill Garcia__ at email@example.com or EJ@mabusinessadvisors.com________ to receive a confidentiality agreement and learn more about this opportunity.
- Asking Price: $5,000,000
- Cash Flow: $2,177,912
- Gross Revenue: N/A
- EBITDA: $1,977,912
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Equipment estimated value over $1MM $ 15,006,068 Revenues for 2021. Base Rent $38,000 + NNN $38,000 1- 5yr Option
The property is leased by the business for $38,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell companies. Nevertheless, the real reason and the one they tell you may be 2 completely different things. As an example, they may say "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or a range of various other reasons. This is why it is extremely crucial that you not depend absolutely on a vendor's word, yet rather, utilize the vendor's response in conjunction with your overall due diligence. This will repaint a much more reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that profit margins are too thin. Numerous businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new consumers? Many times, operating businesses have repeat customers, which form the core of their day-to-day revenues. Certain factors such as new competition growing up around the location, roadway building, and also staff turn over can affect repeat consumers as well as adversely influence future revenues. One essential thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the better the possibility to develop a returning customer base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood median house earnings effect future revenue potential?