MergerPlace

Grocery and Fresh Market

Illinois (Cook)


  • Asking Price: $880,000
  • Gross Income: $6,341,242
  • Cash Flow: $819,906
  • Real Estate: Not Disclosed
  • Inventory: $299,441
  • FF&E: $690,967
  • Listing ID: #225116
  • Established: 1972
  • Employees: 20 FT / 11 PT

Business Description

The Grocery and Fresh Market offers a full line of groceries, meat, and produce with at least $5 million in annual sales and up to 15% of their sales in GM/HBC. This store typically carries anywhere from 15,000 to 60,000 SKUs and offers a service deli and bakery.

The Fresh Format is different from traditional supermarkets and traditional natural food stores. Fresh stores emphasize perishables and offer center-store assortments that differ from those of traditional retailers, especially in the areas of ethnic, natural, and organic selections.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Illinois
County: Cook

Company Information

Year Established: 1972
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 20 FT / 11 PT

Financial Information

Asking Price: $880,000
Gross Revenue: $6,341,242
Cash Flow: $819,906
FF&E: $690,967
Inventory: $299,441
Seller Financing Available: No

Property Information

Facilities:

This Grocery and Fresh Market is a suburban family-owned store that is located within a 15,000 square foot free-standing building. Parking is available for 45 cars with two entrances/exits. The building is located along a 4-lane highway with good exposure.

Growth & expansion opportunities:

The company has introduced additional strategies for dealing with COVID requirements and to take advantage of increased on-line and delivery services. Potential growth can continue with: 1. Additional e-commerce platforms 2. Enhanced delivery arrangements 3. Expansion of deli and catering services

Competition:

This industry is competitive with a mix of large box stores and smaller ethnic and specialty stores. In this case, the offering of fresh product from grower to consumer is an expanding niche in the grocery industry.

Reason for selling:

The sellers wish to retire.

Support & Training:

Will train for 4 weeks @ no cost Products include groceries, deli and bakery, dairy, seafood, meat and poultry as well as non-food items. Licenses include operating licenses for the State of Illinois and the local suburban jurisdiction. Skills required include management of staff and customer base, supply chain management, industry knowledge and ability to manage seasonal adjustments to inventory.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Terry Flanagan

Murphy Business Brokers