Description
Our firm is proud to bring to market this long-established and well-known Downriver Meat & Produce store. This is a family-owned and operated market that specializes in high-quality food & meats. The market has been in the local area since 1948 and has served the community strong. Since it is a staple in the local area, it has hundreds of 5-star reviews on all social media platforms.
The building is around 5,640 SQ FT with an apartment on top that brings in around $850 a month in additional revenue with a long-term tenant. The building is well organized to make a quick grocery trip convenient with its produce section, freezer section, and few aisles for other grocery items. It has a large meat cooler to showcase Boar’s Head lunch meats and the great selection of high-quality meat products that they are known for. The back of the store has a large butcher area along with many coolers and freezers. There is also a small kitchen that offers the locals hot lunch and dinner foods.
The sales have been growing year after year as people lean away from big box stores and prices. 2019 gross sales were $1,554,302, 2020 $1,600,454, and 2021 $1,671,644. The current owner oversees the operations within the store and has 4 FT employees and 8 PT.
The owner does zero advertising and is ready to retire. A new owner can start marketing in the local area, offering more community-oriented products/meats, and adding more menu items to the kitchen to increase sales dramatically. Local Produce markets are growing in demand, don’t miss your opportunity on this one that is turn-key and comes with real estate.
Business Overview
| Revenue | $1,671,664 |
| Cash Flow | $41,849 |
| Inventory | $$40,000 +/- |
| Year Established | 1948 |
| Seller Financing | Yes |
| Employees | 5FT 8PT |
| Asking Price | $125,000 |
Key Statistics
- Hours of Operation: Monday - Saturday: 9 AM - 6 PM
- Employees: 5 Full Time 8 Part Time
- Year Established: 1948
- Year Acquired: 1984
- Liscence Required: Sales Tax, Serve Safe, Agricultural
- Seats: N/A
- Parking: Ample
Financial Information
- Gross Sales: $1,671,664
- Source: Seller Provided Financials
- Cash Flow: $41,849
- Source: Seller Provided Financials
- Inventory Value: $
Seller Financing
- Business Price: $125,000
- Down Payment: $50,000
- Monthly Payment: $1,449.96
- Interest Rate: 6%
- Amortization Period: 60
Location
- Real Estate Price:475,000
- Purchase Terms: $200,000 Down-Payment, Balance Financed over 10 Years at 6%
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Disclaimer
This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.