Business For Sale

Gourmet Grocery/Restaurant/Wine & Liquor Store

Not Disclosed, MI


Asking Price: Annual Revenue:
$2,700,000 $3,763,929

Food & Beverage: Grocery & Food Stores


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RE: Gourmet Grocery/Restaurant/Wine & Liquor Store Broker: Tanya Popov
Owner Financing is Available!
Might be available to a well-qualified buyer.

Quick Facts

Asking Price: $2,700,000
Annual Revenue: $3,763,929
Net Profit: Not Disclosed
Cash Flow: $220,162
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: $1,800,000
Year Established: 1987
Employees: 50
BBN Listing #: 462828552
Broker Reference #: MI072718

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Business Overview:

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 $400,000 in total profit.

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Property Features and Assets:

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 square feet 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.

Market Competition and Expansion:

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. 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.

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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