MergerPlace

Gourmet Grocery/Restaurant/Wine & Liquor

Michigan


  • Asking Price: $2,700,000
  • Gross Income: $3,763,929
  • Cash Flow: $220,162
  • Real Estate: $1,800,000
  • Inventory: $500,000
  • FF&E: Not Disclosed
  • Listing ID: #208385
  • Established: 1987
  • Employees: 50

Business Description

This 30 year old unique family business features gourmet food, a huge selection of premium beer, wine, liquors, cigars and specialty items, including: Godiva Chocolate, their branded roasted coffee, and specialty food and non-food gifts. Prominent features: tasting room, beer & wine bar, restaurant with carryout, walk-in humidor cigar room, and gourmet holiday gift baskets. They employ 50+ workers including their own family members. Buyers should be familiar with grocery/beer & wine store ownership. Cash flow is adjusted to reflect wages to replace retiring owners. As a current family business, this opportunity generates over $400K in total profit.


Business Details

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

Company Information

Year Established: 1987
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 50

Financial Information

Asking Price: $2,700,000
Gross Revenue: $3,763,929
Cash Flow: $220,162
Inventory: $500,000
Real Estate: $1,800,000
Seller Financing Available: Yes

Property Information

Facilities:

Located next to major freeways with easy access from north Oakland County, Flint and Saginaw with new construction within a five mile radius. The 18,000 sq. ft. building is located on 2 acres of property with plenty of paved parking. The store carries many local and national high end product lines and hold SDD, SDM and Class C licenses which permit on premise consumption of beer, wine and spirits. The property must be included in the sale.

Growth & expansion opportunities:

The current three largest revenue producers are: groceries: 24%, alcoholic beverages: 22%, and baked goods: 15%. A more aggressive sales effort towards increasing catering business potential might net excellent results. Suggested new income sources: hosting on-site private events: such as bachelor & cigar parties, wine & food tastings, and private holiday or wedding parties. Outdoor events on the property behind the building (music, beer tents, food tastings) etc. may be possible by obtaining the required local licenses.

Competition:

This is a one of a kind business with no similar business within 25+ miles. It’s a well-known destination for food & wine lovers, party planners and hard to find ingredients. They have a large selection of gift items and the largest volume Godiva retailer in Michigan. They were recently named a U.S. Beverage Dynamics Retailer of the Year. It’s comparable to a mini Papa Joe’s.

Reason for selling:

Retirement

Support & Training:

Owners’ will share how to run & grow this business for a negotiated time period.

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:

Tanya Popov

Inix Consulting and Brokerage