High-Volume Gourmet Market

Oakland County, MI
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Asking Price:$1,399,999
Gross Revenue:$10,333,237
Rent:$30,000/Month
Established Year:2008
Cash Flow:$350,000
Inventory:$700,000
FF&E:$1,000,000
BUSINESS DESCRIPTION

Over 10 Million in Sales

This high-volume gourmet market was beautifully renovated three years ago and offers the best quality fruit and vegetables, a full deli and bakery, catering, and gourmet prepared foods. It also has a large selection of beer and wine. Adding liquor would improve the already strong sales of $10,333,237 (2023 Tax Returns). Customers can schedule a pick-up or delivery of their order through InstaCart. The current owners have other markets and cannot spend the proper time at this location. This business needs an experienced grocery store operator to continue what the current owner has built over the years. This loan does qualify for SBA financing. The current owner will train as needed, but the market is completely staffed in every department.

Hours: Monday-Sunday 8am-8pm
Lease is a gross lease (including NNN) and expires 8/31/39 with two additional 5-year options.


DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
25,296
Lease Expiration
31/08/2039
Employees
71
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This 25,296-square-foot building is in a busy plaza on a highly traveled road.
Competition
Normal competition in this area
Growth & Expansion
Adding liquor could increase sales.
Financing
Cash or SBA Financing
Support & Training
Seller is willing to train a new owner.
Reason for Selling
Other business interests
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Jason
Kassab
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Jason Kassab