MergerPlace

40-Yr Old Italian Market/Deli - So. FL

Florida


  • Asking Price: $399,000
  • Gross Income: $574,345
  • Cash Flow: $172,834
  • Real Estate: Not Disclosed
  • Inventory: $35,000
  • FF&E: $50,000
  • Listing ID: #200527
  • Established: 1976
  • Employees: 3 FT

Business Description

Business treasure hunters have struck gold! 40-year old family business available for sale. Has operated in the same location for 25 years. This Italian supermarket and delicatessen has a tremendous customer following. So huge is the following, the owner has never felt the need to advertise or even create a website. Delicious lunch and prepared foods are offered with a diverse menu of sandwiches homemade sausages, lasagna, meatballs and a variety of homemade sauces. Warm and cold beverages, snacks and desserts and beers and wines are all of premium quality. Catering services offered to locals and businesses nearby. Comprehensive inventory of Italian premium food items available in this market store, an excellent assortment of cheeses, Italian meats, wines and chocolate. Wait till you try their aromatic espressos & cappuccinos! Beer & wine license included. Great business for a person knowledgeable in the industry, a chef who might want to take this to the next level or a current operator who wants to expand their holdings. An investor may want to bring along somebody who knows their way around food or promote from within. Duplicating the concept has unlimited potential. Owner will train for three weeks and hold a note to a qualified buyer. Should qualify for Visa


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Florida

Company Information

Year Established: 1976
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT

Financial Information

Asking Price: $399,000
Gross Revenue: $574,345
Cash Flow: $172,834
FF&E: $50,000
Inventory: $35,000
Seller Financing Available: Yes

Property Information

Facilities:

Situated in the same strip center for over 25 years, on a major roadway and surrounded by condominium buildings, hotels and businesses.

Growth & expansion opportunities:

Sky is the limit with this business. A new owner can convert the huge and loyal following to an explosive growth by creating a website, increasing the catering side of the business and duplicating the concept.

Competition:

While there are other breakfast, lunch and supermarket options nearby, you would be quite hard-pressed to find a place of business with the uniqueness, quality and longevity of this one.

Reason for selling:

Family health reasons.

Support & Training:

Will train for 3 weeks @ no cost. Short order cooking skills are a plus, beer and wine license can be transferred and products include premium Italian food items, select dry meats, cheeses, wines and desserts. Excellent display of salads. Light breakfast served and a diverse sandwich lunch menu. Catering services can be expanded multi-fold with minimal advertising.

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Business Listed By:

Anton Joro

Murphy Business Brokers