Description of the business for sale
Gourmet, Inc. Offers A Unique Selection Of Kitchen, Home Accessories And Related Items. It Is Located In A Fabulous High-Traffic Retail Location In An Affluent SF Bay Area Community, With A Long Term, Favorable Lease. Growth Opportunities Include Geographic Expansion And Internet Sales. Experienced Management Is In Place. The Business Is Long Established And Enjoys A Specialized And Defensible Market Position.
For The Last Three Years Sales Have Averaged 1,942,800, With 2007 Earnings Above 475,000. Revenue For 2008 Is Projected To Be 2,130,000 With Earnings Above 500,000. Management Believes The Current Store Has The Capacity To Generate Revenues Of Up To 3,000,000 With A Corresponding Net Of Approximately 1,000,000.
The Current Owner Wishes To Devote More Of His Time To Other Interests, Thus Making Gourmet, Inc. Available For Acquisition.