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Gourmet Grocery And Restaurant With Wine In Michigan For Sale

Michigan
Asking Price:
$1,900,000 (USD) Furniture / Fixtures included
Sales Revenue:
$3,761,987 (USD)
Cash Flow:
$241,682 (USD)

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 valued at 500,000 and is in addition to the asking price.Real estate and liquor license is included.

Property information

Real Estate:

Real Property Included

Location:

Michigan

Premises Details:

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.

Size in square feet:
18,000

Business Operation

Expansion Potential:

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.

Competition / Market:

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.

Reasons for selling:

Retirement

Employees:
50
Years established:
1987

Other Information

Support & training:

Owners’ will share how to run & grow this business for a negotiated time period.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Some seller financing might be available to a qualified buyer

Inventory / Stock value:
$500,000 (USD)

Contact Information

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