Listing Number: 45783-748503
Description
This turn-key Philly Butcher Shop is about one hundred Years old and has been passed down from generation to generation. The owner owns the real estate which he will sell with the business. Real Estate professionals involved with developers tell us additional floors could be added above the store with the potential of adding apartments or condominiums. This could offer a new owner added benefits from the purchase. Obviously, any development would need to be approved by the city. The real estate is included in the listing price.
The company is known for its excellent meat and poultry and the service the owner and staff provides ots customers. There are many areas of potential growth for a new owner, which is discussed in the Confidential Information Memorandum when a buyer gets to that stage
There will be a requremnt from potential buyer of proof of funds of $1,000,000 or a bank letter for $10,000,000 to gain access to information on this business.
The company has amazing resilience surviving the Great Depression, World War II, the Korean War, Vietnam War, Stagflation, high-interest rates of the 1980s, the economic downturn of 2008-2010, and even the recent Covid-19 pandemic from 2020-2022. It has and continues to grow and becomes more profitable annually.
This is an awesome business with the kicker of potential real estate development.
Listing Details
- Price: $ 5,679,800
- Down Payment: $5,679,800
- Sellers Discretionary Earnings: $ 842,715
- Total Sales: $ 4,419,633
- Location: Philadelphia County, Pennsylvania
- Inventory: $ 0
- FF&E: $ 200,000
- Employees:
- Year Established: 1927
- Reason for Selling: Retirement
- Category: Food Business Retail
