SOLD! Gourmet Foods, Retail & Catering – High Income
Price: $840,000
Location: Faifield County
Industry: Retail
Listing ID: 12102022
SOLD! Well-known gourmet food shop with a huge selection of renown cheeses among other delicacies, high net income business. One look and it is clear to see that this business is a step above the usual salumeria, fromagerie or similar gourmet shop. Knowledgeable staff offer a wide variety of prime imported and domestic farmstead cheeses, a broad selection of the finest charcuteries, vacuum sealed fresh prime meats, assorted home-made prepared foods, and many artisanal products such as jams, spices, olive oils, chocolates and curated gifts.
The business has an attractive location in upscale Fairfield County, CT. on a well-travelled thoroughfare with private parking and easy access that keeps them busy year-round. There is an excellent opportunity to utilize space and expand distribution as well as further grow the catering business with a spacious kitchen. In addition to cut-to-order products, catering, platters, and gifts, the retail shop serves a daily variety of specialty sandwiches and mouth-watering grilled cheeses, soups, spreads and dips as well as offering scheduled educational classes. Highly successful business with several avenues to expand and grow, building on the business’s popularity and success
Business highlights:
• Beautifully renovated location.
• Excellent Branding
• Active Social Media Presence
• Loyal repeat and referral business.
• Strong location with private and street parking
• SBA Pre-Approved for Financing
Financials:
• Asking Price $840,000
• Annual Cash Flow $288,000
• Gross Revenue $1,125,000
• FF&E $150,000 (included)
• Inventory $114,000 (not included)
Business Details:
• Days & Hours: Tuesday to Sunday
• Employees: 3
• Monthly Rent: $4590/mo. 1100 sq ft plus 1000 sq ft lower level for storage, distribution.
Transaction Rationale:
Selling for other interests. The owner will provide support and training.
Listing Details
Gross Revenue: $1,125,000
Cash Flow: $288,000
FFE: $150,000 (Included in Price)
Inventory: $100,000
Lender Pre-Qualified?: Yes
Terms and Conditions?:
SBA Pre-Approved!
Reason For Sale:
Seller is seeking retirement.
Training & Support:
Seller will train and support to ensure a smooth transition.
Operation
Year Established: 2014
Days & Hours of Operation: Tuesday - Sunday
Owner Hours Per Week: 40
Employees: 3
Managers: Owner
Location
Monthly Rent: 4590
Type of Location: Single Location.
Square Footage: 1100 sq ft plus 1000 sq ft lower level for storage, distribution
Summary
Potential Growth:
There is plenty of room for potential growth and expansion.