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2 days ago — • An established group of award-winning gourmet markets, high-end specialty stores and a restaurant catering to upscale suburban markets. Licensee to two Starbucks locations.
• Real estate included in sale consists of two premium retail centers totaling 525,000 sq ft on 12 acres. Estimated value of $57MM.
• The two gourmet markets have performed exceptionally well during the Covid-19 pandemic. Current increase in sales expected to continue. The two gourmet markets account for approx. 70% of operating revenue.
• A highly trained and experienced team of over 390 full- and part-time employees.
• The Company uses its distribution center for food preparation, delivered using a fleet of Company-owned vehicles.
• Highly replicable business model. Ability to rapidly add locations with little additional investment.
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