Business Category: General Merchandise Stores, Grocery, Miscellaneous Retail, Other Eating & Drinking Places, Other Food Stores, and Restaurants
City/Region: Grand Rapids
Equipment Value: $60,000
Outstanding growth opportunity! Unique deli and market in a thriving city location!
Founded in 2010, this market and deli in Grand Rapids, MI is a growing full-service diner and grocery store for sale. This business has several revenue streams and a loyal following which makes it a great acquisition opportunity. The owners are selling in order to pursue retirement.
While the Company has built a loyal following, the current owners admit that it is not reaching its full potential. There is the opportunity for significant improvement through operational changes (i.e. pricing). An experienced new owner will likely find several areas for enhancement that will have a dramatic effect on the bottom line.
The Company operates out of a 5,000+ sq. ft. building that is leased from an unrelated third-party.
The market sells groceries and produce, prepared foods, private label products, household items, beer and wine, and flowers. The diner offers a variety of sandwiches, wraps, salads, and more.
Opportunities For Growth:
(1) Expanded product selection
(2) Additional local college foot traffic
(3) Grand Rapids population expansion
(1) Substantial Expansion in Grand Rapids: There are new condo and apartment buildings going up in the store’s selling radius, offering the chance for more customers and foot traffic.
(2) Local Downtown Area College Growth: Michigan State University now has its College of Human Medicine right in the area, GVSU has multiple downtown campuses that keep expanding. The more students in the area, the more customers. These younger customers provide free advertising opportunities via word of mouth and through social media platforms
(3) Unique Local Business: There are no other businesses like this market and deli within walking distance. The convenience of this deli adds foot traffic and customer loyalty.
Real Estate Available: For lease
Reason For Sale: Retirement
Number of Employees: 12