South Bay Gourmet Market W/Built-In Clients

Business Overview:

This specialty gourmet retailer of a high end protein offers an extensive selection of fresh and frozen product sourced from trusted suppliers around the world. The market caters to both home cooks and professional chefs by providing premium-quality, hard to source, and exotic specialty items along with a variety of sauces and seasonings that complement its offerings. Known for its commitment to freshness, ethical sourcing, and exceptional customer service, the market has earned a strong reputation as a go-to destination for seafood lovers seeking quality and variety.

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Property Features and Assets:

This 3,470 square foot market leases for an estimated $13k per month on a lease until June, 2026 with one 5-year option. All of the business’s furniture, fixtures, equipment and Type 20 Beer & Wine License will be included in the sale. An estimated $60k in retail inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

The gourmet retail industry faces competition from local specialty markets, large grocery chains, and online delivery services. Many rivals emphasize locally sourced or sustainably sourced products to attract environmentally conscious consumers. Markets, restaurants and wholesale distributors often compete with products from similar suppliers, which often drive costs up or limits product availability. In this instance, this market enjoys a sustainable competitive advantage when it comes to sourcing the highest quality proteins at the most attractive prices.

This store boasted remarkable top-line revenues from its inception until its recent history, when the company underwent an impactful change that new management will want to immediately remedy. An extraordinary opportunity appears to exist for the addition of premium quality meat and poultry products that are on par with the market’s existing offering. Other opportunities to restore former levels of profitability include expanding the ready prepared and/or ready-to-cook meals, specialty import products, and online ordering with local and nationwide delivery to attract an even broader customer base. By leveraging digital marketing and emphasizing traceability, freshness, and sustainability, the business can strengthen its brand presence and position itself as a trusted leader not only in its premium food category, but also in the additional categories that may be implemented.

Reason for Selling:

Personal. Kindly ask the seller for more information.

Additional Details:

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