Established & Successful Mediterranean Market Place

Norwood, MA (Norfolk County)

Seller Financing Available
Established & Successful Mediterranean Market Place
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Asking Price: $995,000

Cash Flow: $400,000

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: N/A

Inventory: $300,000*

Rent: $12 /Month

Established: 1998

*not included in asking price.

Established & Successful Mediterranean Market Place

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Business Description

This market and specialty ethnic foods store has been a long time staple in the area for 20 years. Very authentic and true to its Mediterranean/Lebanese roots. People from all "walks" of life truly enjoy the awesome and healthy food goods available and prepared foods to go. Nothing like this Market anywhere in the local area, you really feel like your are stepping into an original Mediterranean Market back in the Middle East somewhere... music and all !! FANTASTIC LOCATION right on the famous RTE 1 AUTO MILE without the "over the top " rental rates !
If you know this type of business or want to expand your super market, then this place is for you, a must see !! Not to mention the great cash flow...

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
13,000
Lease Expiration:
N/A
Employees:
8
Facilities:
13,000 SQUARE FEET OF KITCHEN SPACE, ISLES OF SPECIALTY & ETNIC FOOD DISPLAY'S, PREPARED FOODS AREA, BAKING AREA, FRONT CASHIER/SERVICE COUNTER, OFFICE AND LOADING DOCKS. ( FORD 350 TRUCK INCLUDED IN THE SALE PRICE )
Competition:
NO LOCAL AREA COMPETITION TO SPEAK OF. THE NEAREST MAJOR MEDITERRANEAN MARKET IS LOCATED IN THE WORCESTER AREA. PROJECTED GROWTH FOR THIS TYPE OF SPECIALTY FOODS MARKET IS EXPECTED TO INCREASE AND EXPAND DUE TO THE CONTINUED INFLUX OF IMMIGRANTS DESIRING FOOD GOODS FROM THIER ETHNIC MEDITERRANEAN/MIDDLE EASTERN HOME LANDS.
Growth & Expansion:
MAXIMIZING SHOP DESIGN AND CUSTOMER FLOW WILL ENABLE OPERATOR TO INCREASE NEW PRODUCT LINES BEING DEMANDED AND ALSO TO EXPAND THE PREPARED FOODS FOR TAKE OUT OFFERED. PLUS ADDING DELIVERY DRIVERS AND NEW CATERING MENU SHOULD INCREASE SALES UP TO 20 % TO 25 % ACCORDING TO DATA FOR SUPERMARKETS.
Financing:
SELLER WILL PROVIDE FINANCING TO QUALIFIED BUYERS ONLY WITH ADEQUATE DOWNPAYMENT
Support & Training:
YES, SUPPORT AND TRAINING WILL BE PROVIDED BY SELLER FOR QUALIFIED SERIOUS BUYER.
Reason for Selling:
TO FOCUS HIS ATTENTION & RESOURCES ON AN EXPANDING FOOD MANUFACTURING BUSINESS.
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Richard Milordi

Business Listed By:
Richard Milordi

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Sponsoring Broker:
Timothy Barry

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