Highly Profitable and Growing Speciality Market in S. NH with Real Es...

Undisclosed Address, Dover, NH 03820
Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30708933
Property Subtypes: Food and Beverage
Status: Pending/Contingent
Building Size (RSF): 2,000 SF
Sale Price: $650,000
Gross Revenue: $2,223,000 (Annual)
Cash Flow: $312,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Business offered at $650,000 includes all FF&E along with name, goodwill etc. Inventory is in addition. Real Estate offered at $500,000.
Last Updated: 3/5/2021

Overview / Comments

Great opportunity to acquire a highly profitable and growing Specialty Market/Grocer in Southern New Hampshire along with the related Real Estate. The Business has been going strong for over 40 years.  It has a large and loyal customer base that seeks the store out for both everyday purchases and special occasions. There is a constant flow of drive by traffic on a main route with little nearby competition.

The store features a butcher shop and deli specializing in award winning meats and cheeses, specialty sandwiches, salads and an array of microbrews and wines.  It also has lottery, a coffee bar, and a selection of groceries and convenience items.

The location listed is not correct and will be disclosed along with the financials with a completed Confidentiality Agreement (see attachment or contact First Street Business Brokers).

Additional Details

Industry Segment: Grocery and Supermarkets
Reason for Selling: Divestiture
Value of Inventory Included ($): $25,000
Value of Furniture, Fixtures, and Equipment ($): $70,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: The Business resides in a freestanding building on approximately .40 +/- acres.  It’s a highly visible location with heavy traffic flow of residents and commuters and is nearby intersections and roadways.  The building comprises about 2000 +/- Square Feet.  There is ample onsite parking for employees and patrons. The Real Estate is priced at an additional $500,000.
Employee/Labor Description: Experienced Staff and management in place.
Mgmt/Training Support Description: Seller is willing to assist in support and training.
Competition/Market Description: There are no other similar type stores nearby this location.
Growth/Expansion Opportunities: The Business has a strong customer repeat business.  Many opportunities for growth such as: expanding hours and days of operation; increasing the selection of prepared foods and beer offering; expansion of catering; and increasing marketing spend.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,090 36,354 61,383
Median Age: 32.18 34.65 35.21
Households: 1,421 14,058 22,553
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