Istanbul Fine Foods Turkish Grocery Store For Sale

Description

Business type: Turkish grocery, butcher and bakery

Business name: Istanbul Fine Foods

Location: North York, Ontario

Current status: established operating business

Operating setup: turnkey

Profitability: reported as profitable

Products and services

• Grocery products
• Fresh cut meats
• Butcher services
• Bakery products
• Turkish and specialty food products

Customers and market

Customer base: established

Repeat clientele: established

Community presence: established

Customer reviews: stated as excellent

Premises

Location type: high visibility outdoor plaza

Direct road access: Keele Street

Signage exposure: stated as strong

Residential development: surrounding area

Commercial development: surrounding area

Customer parking: ample

Retail space: clean, modern and well maintained

Staff and operations

Experienced staff: in place

Trained staff: in place

Product range: diversified

Pricing position: stated as competitive

Financial information

Asking price: $1,699,000

Previous asking price: $1,900,000

Inventory value: approximately $75,000

Inventory: excluded from the asking price

Financing

Vendor take-back financing: may be available

Vendor financing structure: partial financing may be considered

Training and transition

Seller training: available

Hands-on transition support: available

Potential buyers

• Owner-operators
• Grocery operators
• Food retail operators
• Strategic buyers
• Investors