MergerPlace

3 Rapidly Growing Gourmet Stores

Georgia


  • Asking Price: $230,000
  • Gross Income: $391,942
  • Cash Flow: $66,259
  • Real Estate: Not Disclosed
  • Inventory: $54,701
  • FF&E: $31,087
  • Listing ID: #216597
  • Established: 2012
  • Employees: 8 PT

Business Description

A set of 3 Rapidly Growing Gourmet Retail Stores & Tasting Rooms Specializing in Ultra Premium Olive Oil and Aged Balsamic. This is a very successful business which opened in 2012 and now consists of 3 retail stores in North Georgia. These are prime locations strategically located in one of the most visited tourist areas in the State of Georgia. Through the 1st half of this year, sales are up 24% over last year and this has been accomplished with limited involvement from the owners. The growth potential for these existing stores as well as the opportunity to add additional locations is exciting.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Georgia

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 8 PT

Financial Information

Asking Price: $230,000
Gross Revenue: $391,942
Cash Flow: $66,259
FF&E: $31,087
Inventory: $54,701
Seller Financing Available: No

Property Information

Facilities:

All 3 stores are located in prime locations in the top tourist towns in North Georgia. All are Located in very busy retail areas with huge foot traffic.

Growth & expansion opportunities:

This business has tremendous potential for growth. Sales for the 1st half of this year are up 24%. This is with the owners only involved on a limited basis. This business has many opportunities to grow sales and profits. Expanding the online business. The business is only doing 4% of the total through online orders currently. Since the businesses are located in resort areas, the main opportunity to get repeat business from customers is to collect emails and phone numbers which allows marketing to those customers for follow up or repeat orders. Local Restaurants- Working with local restaurants to promote the products by incorporating them into the menu selections. Festivals- Participating in local festivals and events by having a booth to sell items as well as handing out marketing materials. Private Parties- Scheduling events after hours at the store for local groups.

Competition:

There are 3 other similar retail stores in North Georgia, but none are close to these locations. These businesses differentiate themselves through very attentive customer service. While their prices may be similar to the few competitors, their customer service is outstanding.

Reason for selling:

The owner's relocated out of state and are finding it difficult to be as involved in the business as they would like.

Support & Training:

Will train for 4 weeks @ no cost. These store sell proprietary products that consists of very high quality consumable items. Growing a repeat mail order business from visiting tourists should be an important growth strategy. There must be a Serv Safe Certification and a Food Sales Establishment License.

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Business Listed By:

Anthony Samples

Murphy Business Brokers