Gourmet Grocery/Restaurant/Wine & Liquor Store

MI

Seller Financing Available
Gourmet Grocery/Restaurant/Wine & Liquor Store
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Asking Price: $1,900,000

Cash Flow: $241,682

Gross Revenue: $3,761,987

EBITDA: N/A

FF&E: N/A

Inventory: $500,000*

Real Estate: $2,000,000

Established: 1987

*not included in asking price.

Gourmet Grocery/Restaurant/Wine & Liquor Store

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Business Description

Owners are eager to retire and would consider selling real estate only for redevelopment.
This 30 year old unique family business features gourmet food, a huge selection of premium beer, wine, liquors, cigars and specialty items, including: Godiva Chocolate, their branded roasted coffee, and specialty food and non-food gifts. Prominent features: tasting room, beer & wine bar, restaurant with carryout, walk-in humidor cigar room, and gourmet holiday gift baskets. They employ 50+ workers including their own family members. Buyers should be familiar with grocery/beer & wine store ownership. Cash flow is adjusted to reflect wages to replace retiring owners. As a current family business, this opportunity generates over $400K in total profit. Inventory is available in addition to the asking price. Real estate and liquor license is included.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
18,000
Employees:
50
Facilities:
Located next to major freeways with easy access from north Oakland County, Flint and Saginaw with new construction within a five mile radius. The 18,000 sq. ft. building is located on 2 acres of property with plenty of paved parking. The store carries many local and national high end product lines and hold SDD, SDM and Class C licenses which permit on premise consumption of beer, wine and spirits. The property must be included in the sale.
Competition:
This is a one of a kind business with no similar business within 25+ miles. It’s a well-known destination for food & wine lovers, party planners and hard to find ingredients. They have a large selection of gift items and the largest volume Godiva retailer in Michigan. They were recently named a U.S. Beverage Dynamics Retailer of the Year. It’s comparable to a mini Papa Joe’s.
Growth & Expansion:
The current three largest revenue producers are: groceries: 24%, alcoholic beverages: 22%, and baked goods: 15%. A more aggressive sales effort towards increasing catering business potential might net excellent results. Suggested new income sources: hosting on-site private events: such as bachelor & cigar parties, wine & food tastings, and private holiday or wedding parties. Outdoor events on the property behind the building (music, beer tents, food tastings) etc. may be possible by obtaining the required local licenses.
Financing:
Might be available to a well qualified buyer
Support & Training:
Owners’ will share how to run & grow this business for a negotiated time period.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Tanya Popov

Business Listed By:
Tanya Popov

INIX Business Brokers

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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