This well-known and established gourmet market is available for sale. Located in the Boston Metro area, this market is an institution in the popular tourist area where it is located. In business for over 50 years, this store has built up a loyal clientele with very little competition nearby. During the past few years, the store has been very profitable with steady sales over $2,500,000. The cash flow to a working owner in 2013 was over $400,000. The business is available at a low price due to the owner's interest in retiring soon.
The market does an excellent business in confection sales, particularly around Valentine's Day and Christmas. Another large area of sales is in gourmet grocery items, including preserves, condiments, and oils & vinegars. It is also well known for its excellent deli department featuring caviar, meats, cheeses, and sandwiches to go. In addition, wine and beer account for almost 20% of yearly sales.
The store has about 2,000 square feet of space. It is located in a popular tourist area with thousands of people passing its doors every day. All equipment is in good working condition and well-maintained and the store is bright with a great variety of quality products. The real estate is available for lease.
GROWTH & EXPANSION
The business has an online store, but does little sales through it. This could be expanded. Gift baskets are another area that could be grown, as well as adding a delivery service. This business would be a great add-on to another gourmet market that can increase the profits by consolidating buying and other expenses.