Center City Food Market with Huge Beer Sales

Not Disclosed, PA
Philadelphia County


Asking Price: Annual Revenue:
$450,000 $635,000

Food & Beverage: Grocery & Food Stores


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RE: Center City Food Market with Huge Beer Sales Broker: Richard Collins

Quick Facts

Asking Price: $450,000
Annual Revenue: $635,000
Net Profit: Not Disclosed
Cash Flow: $140,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 1
BBN Listing #: 331755492
Broker Reference #: 45783-923833

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Business Overview:

This Center City Food Market has grown into one of the favorite beer sales locations in the area. The store has an E liquor license and also a Sunday sales permit. The owner has a lease that currently runs through April 30th 2015 and has an option to extend the lease through April 30th 2035. The difference in the monthly rent paid now versus in 2035 is only 900 dollars a month. That means that over 17 years the lease only increases 13 percent and that is in stages. The lease does not include taxes which at the current time are 4,500 dollars a year The owner has been working part time for a few years with one employee. If the new owner worked full time and hired someone to reopen the deli area revenues and profits could increase dramatically. Other ways to increase revenues and profits would be to offer delivery, add a website and actually do some advertising. This store could and should be a goldmine for a new owner willing to make some changes. Owner financing may be available with a large deposit.

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Property Features and Assets:

The store is in a great position to sell beer at prices that are actually higher than Whole Foods and Acme because the store is so convenient. It is also the only convenience store for blocks and blocks in each direction that sells beer.

Market Competition and Expansion:

This business has the potential for huge growth.Besides an owner that only works part time the business currently does NOT advertise, deliver or utilize a deli area which already exists. There is a retirement home very close which has asked the business to deliver food to its residence but that has not occurred.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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