Established Meat & Produce Retailer with Delicatessen in Philadelphia, PA

This is a well-established Meat & Produce Retailer with an integrated delicatessen, operating successfully for over 50 years in Philadelphia, PA. The business offers a comprehensive range of grocery items, fresh meat sold both retail and wholesale, and a popular takeout deli service. It boasts top ratings and numerous awards for product quality, supported by reliable equipment and updated fixtures. In 2023, the business achieved revenues of $9,355,000, with Discretionary Earnings of $646,000 and EBITDA of $569,869. The facility is 4,700 sq ft and includes essential areas like cold storage, meat cutting, food preparation, inventory storage, and office space. The lease is in a high-traffic shopping center with monthly rent of $8,781 and options to extend until 2038. With a strong market presence (53% Retail, 47% Wholesale), opportunities for expansion include implementing updated POS systems and integrating food delivery services. The business is well-suited for involved ownership or a GM, supported by 35 non-union employees. The current ownership is willing to provide transition support for up to two years.