Grocery Delivery Business - Explosive Growth!

Not Disclosed, MI
Kent County

Asking Price: Annual Revenue:
$795,000 $1,300,000

Food & Beverage: Grocery & Food Stores

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RE: Grocery Delivery Business - Explosive Growth! Broker: Matt Baas
Owner Financing is Available!
Limited seller-financing is available for qualified buyers.

Quick Facts

Asking Price: $795,000
Annual Revenue: $1,300,000
Net Profit: Not Disclosed
Cash Flow: $220,302
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 12
BBN Listing #: 435645079
Broker Reference #: 909

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Business Overview:

Founded in 2011, this fast-growing company is the organic food delivery leader in Michigan. Via long-standing relationships with local farms, small foodmakers and a network of distributors, the Company provides its core offerings of local & organic produce, pastured proteins, and a wide variety of other groceries both locally sourced and also curated from “trendy” national health food brands. Product breadth has been, and will continue to be, a huge growth driver for the Company. Not a single competitor offers this product mix to a large-scale market.

This consistent and profitable delivery service is well built for order picking, quality inspection, and delivery reliability and efficiency. Because of the Company’s superb service, the Business boasts great reviews online, rarely less than five stars, along with a strong history of new business through customer referrals.

As successful as the Business has been to this point, there remain huge opportunities for growth through continued expansion in Metro Detroit with a focus on an intentionally developed digital marketing strategy. To date, the primary focus has been building the business through farmer/foodmaker relationships as well as an emphasis on customer satisfaction through operational success and efficiency. The systems in place are built to scale up. The company has relied largely on customer referrals and word of mouth for new customer acquisition, leaving the door open for major growth through digital marketing initiatives.

The Company projects a 12.5% compound annual growth rate through the next five years without significant capital investment.

The owner would like to sell the Business to pursue new opportunities.

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Property Features and Assets:

The Company operates out of a leased 3,700 square feet facility. The facility has 1,000 square feet of office space including two offices with multiple workstations and a conference room. The 2,700 square feet warehouse space is used to receive, store, sort, and pack product. The Company can exit the lease with 6 months’ notice.

Market Competition and Expansion:

Investment Highlights Include: (1) Unique, High-Margin Product Offering (2) Proven and Profitable Delivery Systems and Service (3) Ability to showcase local farms (4) Demonstrated historically proven market Growth Opportunities Include: While the Company expects 10-15% growth based on current budget levels, it is well-positioned for substantially higher growth. The primary competitor closed its doors in 2017, opening the opportunity for $12-15M in untapped customer demand in the Metro Detroit area. Since then, the Company has expanded in the area but hasn't nearly reached the level that is possible based on the market that was proven. A refined sales and marketing strategy, with a specific focus on digital marketing, could be highly effective in helping the Company achieve high growth.

Reason for Selling:

Pursue other opportunities.

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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