Prominent Independent Supermarkets
Location:
United States
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Florida
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Palm Beach
Industry: Food and Beverage > Grocery and Supermarkets
Business Summary
An excellent opportunity for an experienced supermarket operator on the lookout for an exceptional opening to own 2 specialty, gourmet, and full service food markets in Palm Beach County, Florida. The stores are located within medium-class, dense neighborhoods, on major roads with very high traffic counts. Both markets have a terrific reputation and community support in the highest traffic area with excellent name recognition locally and within the greater region for high quality goods and services. Competition is very limited both geographically and in terms of the stores positioning and serving distinctive target population. These 30,000 sq ft and 33,000 sq ft stores offer complete line of products including groceries, fresh produce, meats, bakeries and ready made, precooked foods from their own kitchens. The stores feature modern interior, state of the art fixtures and equipment, with 10 registers in the smaller store and 9 in the other.
The stores enjoy very attractive long-term leases (with options for 15 and 20 years). The seller covers a significant portion of the lease payments by sub-leasing small areas to independent vendors, who in turn enjoy the high traffic of customers. Contact for more information on these Supermarkets for sale.
Financials
Asking Price Range: $5.0M - $10.0M
Gross Revenues:
$28,328,208
Cash Flow:
$465,494
Cash Flow Type: EBITDA
Inventory: $2,400,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1994
Number of Employees: 100 - 200
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 14 days.
Reason For Selling: Other interests.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Grocery and Supermarkets business for sale.
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Print Listing Id: 70093834
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