This specialty foods business has operated at its present location for more than 13 years.  Sudden changes in the Company’s loan covenants forced an abrupt closing March 17, 2005.  Ownership has left all assets intact, including fixtures and equipment, and all non-perishable inventories.  With an historic base of $2.8 million sales this represents a turn-key opportunity for successor ownership to re-open the business at less than 50% of the costs of replicating a similar operation.

INVESTMENT HIGHLIGHTS:

 ·        One of Cincinnati’s finest specialty food stores with an average of $2.8 million annual sales

·        Voted “Cincinnati’s Best” for its outstanding selection of cheeses and deli items ($1 – 1.2 million sales)

·        Products range from a full service meat, poultry and fish department ($679,000 sales), hot prepared foods, specialty groceries ($672,000 sales), produce, and beer and wine

·        Excellent potential for successor ownership as a turn-key specialty foods operation

·        Asking price is well under the costs of replicating equipment, leaseholds, inventories and liquor license

PURCHASE PRICE:

The business is offered at $175,000 as an asset purchase, free and clear of debt and all liabilities.  Fixed assets, non-perishable food inventories and C1, C2 liquor license are included in the purchase.

Financial Summary: