Specialty Market-NH Lakes-Mountains Area

Undisclosed Address, New Hampshire
Business Opportunity for Sale
Specialty Market-NH Lakes-Mountains Area
Catylist Listing ID: 30667048
Property Subtypes: Food and Beverage
Building Size (RSF): 3,500 SF
Sale Price: $575,000
Year Business Established: 2016
Gross Revenue: $278,183 (Annual)
Cash Flow: $30,462 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Living Accomodations: Yes
Sale Terms: Cash to seller. Sellers are willing to provide limited terms to a qualified buyer based on the strength of the deal.
Last Updated: 2/23/2021

Overview / Comments

This business opened in August, 2016 by the current owners. The business was founded in response to the owners’ inability to get to the local farmers’ market during their limited hours. They invited local farms and artisans to supply them with their wares to be offered to the public seven days per week and are now supporting over 25 of those local farms and artisans. The business operates as a Subchapter S Corporation. The real estate is also owned by the sellers under a separate entity and is included in the sale.
The market has grown into a very popular take-out service as well. Daily they offer two hot soups (meat and vegetarian); prepare at least one entrée option (meat and vegetarian); prepare and offer a dozen side dishes; feature an impressive assortment of baked goods (most gluten free); offer a sandwich and smoothie menu, as well as provide a wide assortment of grocery items. They also gladly cater any size event.
Offered for sale is the business entity, including all tangible and intangible assets as well as the real estate. The multi-use building, which also includes two income producing apartments, is in very good condition and fully functional as a market with ample parking. Loyalty of local families and businesses helps yield strong year-round numbers.

Additional Details

Industry Segment: Grocery and Supermarkets
Value of Inventory Included ($): $20,000
Value of Furniture, Fixtures, and Equipment ($): $50,825
Real Estate Status: Real Property
Value of Real Estate Included ($): $450,000
Employee/Labor Description: There are three full-time andsix part-time employees
Mgmt/Training Support Description: Seller is willing to stay on and train for two weeks after closing at no charge and may be willing to stay on as a paid consultant if needed.
Competition/Market Description: There is limited competition in the area as this is a specialty foods market, offering different products from convenience stores in the region.
Growth/Expansion Opportunities: The sellers have considered adding beer and wine products from the myriad breweries and wineries in the area. They have also discussed adding pizza as a menu item and opening earlier to include breakfast. These would be perfect additions that a buyer could implement to positively impact the bottom line immediately.
Seller Financing Description: Sellers are willing to provide limited terms to a qualified buyer based on the strength of the deal.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,950 25,218 46,270
Median Age: 42.09 40.47 40.58
Households: 664 10,148 18,771

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