Established Specialized Artisan Food Retailer (17637)
RetailFor Sale in MO
Financial & Assets Details
About the Business
Listing provides high end, unique, specialty foods as well as luxury items for commercial and home kitchens. Their line of artisan products includes sauces, extra virgin olive oils, pastas, wines and cheeses with inventory featuring high peaks during the holiday season. Kitchenware, cookbooks and table linens can also be found in both their online and retail stores. The new owner would do well to capitalize on the e-commerce capabilities with strong Search-Engine Optimization. From a trendy shopping center in eastern Missouri, the business is ready for investors to continue streamlined operations and take this business to the next level. With a knowledgeable owner available for a smooth transition of up to six months, the skilled team of two experienced employees are likely willing to stay post-purchase. Besides maintaining a website and social media presence for self promotion, marketing efforts focus on utilizing print and radio ads, and an online following with over 6,000 followers. Since inception over 14 years ago, the company has kept a proven effective referral source system. This is fortified by long-time relationships with their repeat customer base, distributors, and multiple direct importers with over 100 suppliers. Total 2020 Revenues reached amounts of $513,508 along with approximate Seller Discretionary Earnings of $123,700, adjusted. Latest fiscal year tracked at 19% gross sale growth even in the midst of the COVID pandemic! Based on independent evaluation!
Financing can be negotiable for the appropriate buyer.
Support & Training
Owner Transition period of up to 6 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.