Profitable Specialty Food Market with Real Estate on the Seacoast

Undisclosed Address, Portsmouth, NH 03801
Business Opportunity for Sale
Catylist Listing ID: 30786483
Property Subtypes: Food and Beverage
Building Size (RSF): 2,200 SF
Sale Price: $900,000
Gross Revenue: $980,000 (Annual)
Cash Flow: $130,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Business with real estate priced at $900,000 for both. Includes all FF&E and inventory.
Last Updated: 4/28/2022

Overview / Comments

Great opportunity to acquire a highly profitable Specialty Food Market in the Portsmouth area along with the related Real Estate. The Business has been going strong for years with very limited owner involvement and experienced management in place.  It has a large and loyal customer base that seeks the store out for everyday purchases and specialty items. The store features a café and takeout menu with a large selection of speciality foods and convenience items.  There is a constant flow of drive by traffic with little nearby competition.

The real estate is included in the business price and consists of several commercial units, all fully occupied providing additional income.

The location listed on the map below is not correct.  To Receive the Confidential Package on this business and related real estate, please complete the attached NDA and email to info@firststreetbb.com.

Additional Details

Industry Segment: Grocery and Supermarkets
Reason for Selling: Retirement, Divestiture
Value of Inventory Included ($): $115,000
Value of Furniture, Fixtures, and Equipment ($): $35,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $525,000
Real Estate Lease Description: The Business resides in approximately 2200 SF +/- of a multi-unit commercial building that is fully occupied and providing additional income to the Sellers.  It’s a highly visible location with strong traffic flow of residents and commuters.  There is ample onsite parking for employees and patrons. The Real Estate is priced at $525,000 with Business at $375,000 for total package price of $900,000.
Employee/Labor Description: Experienced management and staff in place.
Mgmt/Training Support Description: Seller is willing to assist in support and training.
Competition/Market Description: There are few similar type stores in the area.
Growth/Expansion Opportunities: The Business has strong repeat business.  Many opportunities for growth exist and are outlined in the confidential package.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 753 9,327 51,082
Median Age: 47.85 42.16 40.89
Households: 292 3,933 22,359
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