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Deli Market w/Produce for Sale in Fairfield County

Reference #: 05221606
Location: Fairfield County
Price: $280,000
Amount Down: $280,000
Revenues: $720,000
Discretionary Earnings: $62,308
Total Assets: $100,000
Business Description:

Business is a deli market with fresh produce serving a cross section of customers including American, Eastern European and Spanish in a central Fairfield County location. Product sales approximated $720,000 for 2008. Store has a beer license. Facility has 3,000 sq.ft. of retail space plus a 3.000 sq.ft. high ceiling basement for storage, including 1,000 sq. ft. of refrigeration. Rent is about $8,400 per month complete, including R/E taxes. This is 14% of sales. Store has 15 dedicated spaces for cars plus ample side street parking for easy access to the market.The breakdown of sales is about $385,000 for grocery, $200,000 for deli, $115,000 for produce & flowers and $20,000 for Herbal Medicines, Books & Cards. Overall gross margin is about 45% with imported grocery and specialty items carrying strong margins. Sales are being somewhat affected by the recession but the customer base is varied and comes from a wide area for the specialty items, particularly Eastern European. Rent for the facility as noted, is about $100,000 annually, or about 14% of sales. Annual sales should be in the $1,000,000 range to support this rent and that kind of volume could be achievable. Owner's primary occupation is in the medical profession and he devotes limited daily time to the store. A hands-on owner devoting full time to the store will likely be able to drive sales higher, particularly in more normal economic times. Business can best be described as an upscale deli produce market in Fairfield County in a stand alone building.


 


 

 


   

 


     

 


       

 


       

 


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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.