Catylist ID:
#30828506
Downtown Pensacola Business and Property For Sale
Business Opportunity
for Sale
| Catylist Listing ID: | 30828506 |
| Property Subtypes: | Food and Beverage, General Merchandise |
| Building Size (RSF): | 10,000 SF |
| Gross Land Area: | 26,000 SF |
| Sale Price: | $2,500,000 |
| Ceiling: | 10 ft. |
| Name of Establishment: | Shoreline Foods |
| Business Website Address: | www.sfpensacola.com |
| Year Business Established: | 1978 |
| Gross Revenue: | $1,764,319 (Annual) |
| Cash Flow: | $338,801 (Annual) |
| Cash Flow Type: | EBITDA |
| Sale Terms: | Buyer responsible for appraisal, survey, and inspections. Sale includes all property and business equipment, excluding company vehicle (2015 Chevy Silverado 3500). |
| Last Updated: | 9/15/2023 |
Overview / Comments
| Shoreline Foods has been a Pensacola staple, at this location, since 1978 and it continues serving the public some of the best imports and deli foods in the area. The building itself is 10,000 sq ft, and it sits on a 26,000 sq ft lot. All equipment work, including propane fork lift, multiple coolers, manual fork lift, pallet jacks, washer, dryer, and more. The long standing relationship Shoreline Foods has with its customers, its sturdy construction, prime location, reputation, and online sales are key reasons why it was not adversely affected by Covid, Sally, nor the 3 mile bridge collapsing. The building, constructed from cinder block and steel H-beams, with a metal roof, has withstood the test of time and will continue to for years to come. Location is prime for additional homes, condos, or for parking garage for games and other events held at the Blue Wahoos stadium. The Shoreline olive oil has become a sought after item, not just in the area, but throughout the country as well, with its online presence making up a good percentage of its sales. The deli is still a go-to for customers from the neighborhood, downtown, and other parts of Pensacola, on a daily basis. Shoreline Foods is also one of the few businesses remaining downtown that accept SNAP/EBT. It has 4 fully functioning POS systems, 3 newer Hobart HTI/HTS printer scales, and new Lorex 16 channel POE surveillance system with audio on most channels. Finally, Shoreline Foods comes connected to a fully functional 60KW DCA-70SSJU Whisperwatt TM Generator, and wired for seamless power transfer. The generator allowed sellers to be the only store open for business the days of and after Hurricanes Ivan and Sally. |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Industry Segment: | Grocery and Supermarkets |
| Reason for Selling: | Moving out of state |
| Value of Inventory Included ($): | $205,498 |
| Value of Furniture, Fixtures, and Equipment ($): | $108,172 |
| Real Estate Status: | Real Property |
| Value of Real Estate Included ($): | $1,500,000 |
| Real Estate Lease Description: | 26,000 sq ft lot included in price. |
| Employee/Labor Description: | We currently have 12 team members, working from 8:30am to 6pm Monday through Saturday. |
| Mgmt/Training Support Description: | The store manager has ran the business operations for 2 years, with very minimal supervision needed, and the deli supervisor has been running the deli for almost 2 years, with some supervision administered by the store manager. As the owner and primary for all import ordering, I am willing to stay on retainer, for a maximum of one year, as a liaison between the new owner and our producers either in Greece, or here in the U.S. |
| Competition/Market Description: | We are the only imports market with a deli, in the downtown area, other than Everman's, and the only importer/distributor of the Shoreline brand Olive Oil. |
| Growth/Expansion Opportunities: | I have been approached many time, regarding franchising the name, or opening up new locations in Milton, Perdido, and Fort Walton/Destin. |
| Seller Financing Description: | N/A |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,061 | 49,021 | 129,872 |
| Median Age: | 42.13 | 38.94 | 37.65 |
| Households: | 2,382 | 20,420 | 49,716 |
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