This outstanding acquisition opportunity is for three full-service grocery stores in Southern California, providing national and local brands. The stores feature well-stocked bakeries, delicatessens, floral departments, meat & seafood counters, fresh produce, and wine & spirits departments. The supermarkets differentiate themselves through a large selection of quality items available at competitive prices. They are clean, well-stocked and staffed by friendly customer-service oriented employees.
Superior Name and Reputation: For over 40 years, the Company has built a superior name and reputation for operating full-service supermarkets that are well-regarded in the communities they serve.
Excellent Staff and Leadership Team: The Company has a strong non-owner management team in place, including three store managers (one of whom serves as Supervisor), and department managers at each store.
Outstanding Brand Awareness: Having been around for decades, the Company’s brand name is well-known in the local communities they serve.
Profit Percentage is Above Industry Benchmarks: The Company’s pre-tax profit margin in 2022 was 3.3%, well above the 1.7% benchmark for industry participants with more than $25 million in annual sales.
Recession-Resistant Industry: Grocery stores are generally recession-resistant. Consumer staples have to be purchased somewhere, and many of those purchases happen at grocery stores.