Gourmet Grocery Market

Grand Blanc, MI (Genesee County)

Seller Financing Available
Gourmet Grocery Market
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Asking Price: $2,000,000

Gross Revenue: $3,761,987

Price/Sq. Ft.: $111.00

NOI: $241,682

Building SF: 18,000

FF&E: $200,000

Year Built: 1988

Gourmet Grocery Market

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Property Description

Currently operating as a long established unique family business featuring 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 nonfood gifts. Prominent features: tasting room, beer & wine bar, restaurant with carryout, walk-in humidor cigar room, and gourmet holiday gift baskets.

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. The business has been recently named a U.S. Beverage Dynamics Retailer of the Year and is comparable to a mini Papa Joe’s. The business with real estate is priced at $2,7 mil. and is qualified for an SBA loan.
The owners are willing to consider selling a real estate only for redevelopment for $2 mil., in which case the business will be liquidated by the current owners.

Detailed Information

Location:
Grand Blanc, MI
Type:
Retail
Building SF:
18,000
Building Status:
Established
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
Financing:
Negotiable
Current and Prior Use:
A gourmet grocery market can stay as is or can be redeveloped.
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Tanya Popov

Property 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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