Established Retail Business on Main Street, Park City, UT

Asking Price$550,000

Cash Flow
$149,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$835,800

Inventory$76,000
Included in asking price
FF&E$19,000
Included in asking price
Save1/5

Established Retail Business on Main Street, Park City, UT


Asking Price$550,000

Cash Flow
$149,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$835,800

Inventory$76,000
Included in asking price
FF&E$19,000
Included in asking price
Business Description
Seize a rare opportunity to acquire a thriving, independently owned gourmet foods retail store in a prime location on Park City's iconic Main Street. This beloved local and visitor favorite boasts a long-standing reputation, consistent customer traffic, and a well-established e-commerce presence, offering immediate cash flow and significant growth potential. Included in the sale is approximately $90,000 in valuable inventory, furniture, fixtures, and equipment, making this a turnkey operation ready for a new owner to step in and succeed.

Why This Business is a Savory Investment:
• Prime Location: Situated on historic Main Street in Park City, benefiting from high foot traffic from both tourists and locals.
• Established Reputation: A long history of serving the community, fostering strong customer loyalty and repeat business.
• Proven Business Model: A successful and profitable operation with established systems in place, ensuring immediate cash flow.
• E-commerce Platform: A fully operational online store expands reach and provides an additional revenue stream with significant potential for further growth.
• Valuable Inventory: Approximately $90,000 in inventory is included in the asking price, reducing initial investment costs.
• Protected Supplier Agreement: Benefit from a territory-protected agreement with a quality distributor, ensuring consistent access to premium products and potentially higher margins.
• High Profit Margins: Enjoy attractive profit margins inherent in the gourmet food retail sector.
• Turnkey Operation: The sale includes all essential furniture, fixtures, and equipment, allowing for a seamless transition.
• Growth Opportunities: Significant potential to further expand online sales, cater to local events and tourism, and introduce new product lines.
• Training and Support: The current owner is committed to providing training and ongoing support to ensure a smooth handover and continued success.

Key Assets Included in the Sale:
• Approximately $90,000 in Inventory
• Established E-commerce Website and Online Sales Platform
• Furniture, Fixtures, and Equipment (FF&E) essential for retail operations
• Protected Territory Supplier Agreement
• Customer Lists and Marketing Assets

Location & Facilities:
• Location: Prime retail space on historic Main Street, Park City.
• Lease: Leased premises with a current lease expiring in September 2028.
• Retail space: Approximately 1,000 square feet of retail space + 1,000 sq feet of storage, packing, class room.

Financial Overview:
• Proven profitability with immediate cash flow.
• High profit margins within the gourmet food sector.

Growth & Expansion Potential:
• E-commerce Expansion: Significant opportunity to scale the existing online store through targeted marketing and expanded product offerings.
• Local Partnerships: Collaborate with local hotels, concierge services, and event organizers to capture a larger share of the tourist market.
• Catering & Events: Explore opportunities for expanding into grab and go sandwiches, frozen entrees, cheese counters, for locals and visitors, providing gourmet food catering services for local events and private gatherings.
• New Product Lines: Introduce complementary product categories to increase average transaction value.

Opportunities to own a well-established and profitable retail business on Main Street in Park City are rare. Priced at $550,000, this gourmet food store offers a fantastic foundation for continued success and growth. If you are an experienced entrepreneur or looking for a unique entry into the Park City retail scene, we encourage you to contact us today to learn more and explore this exciting opportunity!

Qualified buyers are invited to inquire for further details and financial information upon signing a Non-Disclosure Agreement (NDA).
About the Business
Years in Operation
16
Employees
5
Facilities & Assets
The retail store has 1000 square feet near the corner of Heber Ave and Main Street in Park City. We currently lease the back room for storage, packing and classes but this can be separated from the lease of the retail space.
All inventory is included in the sale - approximately $76k
All fixtures and equipment are included in the sale.
Newly redesigned website with secure e-commerce cart
Active email list
Active social media
Market Outlook / Competition
There are currently 4 other olive oil stores in Utah, but this store is the oldest and best known. We have a territory protected agreement with our supplier which is incredibly valuable.
Opportunities for Growth
The potential for growth in this business is substantial, with significant untapped opportunities in both online and in store sales. Holiday gifting is always a good driver of revenue as does corporate gifts. Online sales are approximately 10% of total sales and can grow with the right investment in ads.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,000
Rent
$8,500.00 per month
Lease Expiration
9/1/2028
About the Sale
Seller Motivation
Lifestyle change
Transition Support
The seller will ensure a smooth transition with essential support up to 6 months after the sale is finalized.
Listing Info
ID
2335250
Listing Views
1867

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Jessica Mccleary

Listing ID: 2335250 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.