Five Farmers Market

Not Disclosed, NJ
Morris County

Asking Price: Annual Revenue:
$150,000 $275,000

Food & Beverage: Grocery & Food Stores

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RE: Five Farmers Market Broker: Ron Cervelli
Owner Financing is Available!
Seller financing is available to a qualified buyer

Quick Facts

Asking Price: $150,000
Annual Revenue: $275,000
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 1
BBN Listing #: 69553909
Broker Reference #: FMKT173

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Business Overview:

Special opportunity to own five profitable farmer market business operations, in a partnership relationship located in Morris, Somerset, Middlesex, Mercer, and Union counties, New Jersey. This well-established farm to table prepared food business, is looking to expand its footprint throughout the Northeast. The company and kitchen are located on a working farm with Greenhouses. The company has established clientele in five North Jersey Fresh Farmers Market, the owners want to grow their current base and to expand into new territories. Farmers Markets and Prepared Foods have become a billion-dollar industry and is growing rapidly. The business is projected to evidence a gross yearly income of $275,000 and an estimated net yearly income of approximately $60,000 based on an onsite owner operator. This business opportunity is a five-day work week and a six months operation. The sale will include a partnership relationship with a specialized wholesale food market company who will supply the final products. The new operator’s responsibility would be to coordinate the retail sales at each of the farmer market locations. Each of the business locations can be further developed with an increase in products and an improved marketing system. The products represent high quality foods with substantial markups, an excellent profit margin and consistent net income to the owner operator. This business transaction has assignable commercial leases for each of the five farmers market, which are renewed one to five years with additional options available, with a gross monthly rent of $675.00, cost per square foot is quite minimal due to the limited space required for each vendor and rent securities would be required. The business has been valued / priced at $150,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, seller financing will be considered to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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Property Features and Assets:

These five farmer market retail locations consist of five separate outdoor locations and approximately 150 square feet. Each of the businesses are in a mid-size outdoor commercial mall setting with various other retail businesses. This opportunity is in Northern New Jersey, five different Counties, which consists of many highly populated communities with continued demand for this product.

Market Competition and Expansion:

Regarding competition, each food farmers market will limit similar competitors to prevent duplication, and to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The business can be further expanded by the new operator, with an improved marketing plan, and local advertising, instituting a new web site which can result in increased gross yearly sales.

Reason for Selling:

Owner is expanding and requires additional partner

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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