Business Overview:
This well-established and historically profitable Market and Deli business is thriving during 2020, despite the effects of the Covid virus. Sales for this year are up over 2019 and will exceed $2 million by the end of the year. The business consistently produces $300,000 plus, in discretionary earnings to the owners each year. The business and property are for sale.
This business would be an excellent match for an individual, partnership or meat sales specialist to apply their entrepreneurial skills and manage a very successful local community-based business. The present circumstances of adjusting to the effects of the Covid virus has been a very favorable situation for this business as the loyal customers have remained loyal and many new customers have changed their habits from shopping the big box stores to shopping locally as prices are competitive and the quality of their meat selections are superior.
The business and property including $220,872 worth of furniture, fixtures and equipment, training during the transition to a new owner, good will, non-compete agreement, supplier and vendor lists are available for $1,500,000, plus the value of the inventory and supplies at the time of transfer. The value of the inventory and supplies are approximately $70,000 and will depend on the business cycle at the time of the transfer of the business to a new owner. The offering price is allocated at $550,000 for the value of the real estate and $950,000 toward the value of the business.
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Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- 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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