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This is an opportunity to acquire a privately owned grocery retailer with an established e-commerce platform. The business shelves a wide selection of products including East Indian groceries, vegan options, specialty herbs and more. The business has agile relationships with a roster of established suppliers. Revenue is generated from both walk-in customers and online orders. The business leverages its e-commerce platform to offer delivery, pre-order and in-store pick up services. The business has a strong web presence and an excellent local reputation. The business is located in a transit accessible area in the GTA with ample parking space. The business is in its growth phase and demonstrated revenue growth of ~50% over the last year. Revenue is projected to grow at a compound annual growth rate of 15%.
Going forward, the outlook for consumer staples and grocery retail is favorable due to food price inflation which indicates margin growth and high demand. Based on a global consumer data survey, the average basket size for online grocery orders was roughly 30% higher than the basket size for physical grocery shops. As a result, the online grocery market is expected to have a CAGR of 36% over the next five years. This complemented by a lean operating model positions the business for strong growth in the future.
This is an ideal turnkey opportunity for an owner operator looking to acquire an easy-to-operate business with existing online infrastructure to facilitate growth.
Asking Price: $375,000
Revenue (2018): $120,000
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