Listing Details:

  • Business Category:            Food Business Retail
  • Price:                                    $185,000
  • Gross Revenue:                  $948,141
  • SDE:                                     $188,288
  • Seller Financing:                 $18,500
  • Location:                             Twin Cities Area
  • Employees:                         7
  • Years Owned:                     15 
  • Support & Training:            6 weeks 
  • Reason for Selling:                 Easing into Retirement

 

Business Description:

Never been in the Deli or Meat Market Business? No problem! The current owner will train!

Located in a charming Minnesota town between the Minneapolis, St. Paul Metro area and Wisconsin this retail shop has been in business for 15 years. Over the years the seller has built a very loyal customer base which visits the store for fresh meats, frozen prepared foods, deli items and some bakery and assorted products.

With over 2,500 square feet the shop has a loyal lunchtime following who stops in for delicious sandwiches over their lunch

Operated out of a 2,500 sq foot facility the shop is located in a very accessible and easy find small strip mall on the main road in town.

Although a food service license is required for the business there is no special education needed to operate the store. The owner is willing to take the right individual and train them in the technical skills to operate the business and would be willing to stay on as a consultant for an extended period.

Business History:

After 15 years of building the business in Red Wing Minnesota the current owner would like to start easing into retirement. In 2019 the owner split off the commercial catering side of the business as its more seasonal and allows for more time off. The Meat Market is a very profitable and affordable business, but it does operate fixed hours and he would like to start to slow down a bit.

This split has allowed us to present very clean record for all of 2020-2021 while still providing insight into past years sales.

Growth Potential:

  • Expand hours – Currently the store is only open until 6PM. By staying open until 7 could addition business be gained though last-minute dinner plans?
  • Open for business on Sunday. – Currently closed Sunday might allow for increased business. Especially during the busy summer grilling season.
  • Marketing – Currently there is little marketing other than the “word of mouth” that has built the business.
    A new owner could likely increase traffic though promotions and social marketing.

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