339 University Avenue , Charlottetown, PE C1A 4M8

For Sale

$390,000

Remarks

Topfresh grocery is located in the Spring Plaza in the Center of Charlottetown. Conveniently located with ample (50+) customer parking spaces. Topfresh is a large and well-known Asian grocery store in PEI, with roughly 3,000 square feet of retail space. It is likely the only Asian grocery in PEI that holds the license for meat segmentation and vegetable segmentation and packaging. Meat cuts and vegetable wraps which generate gross margins that are much higher than average grocers. Topfresh maintains a good cooperative relationship with a large number of suppliers that supply snacks, noodles, condiments, cereals, frozen food, all year round Foods, fresh vegetables, fresh and frozen seafood/meats. Topfresh also has supplier resources that carry a variety of kitchen equipment and supplies at competitive prices. Topfresh cooperates with a number of transportation companies, and the freight rate is averaging between 30% and 50% lower than the market price. Topfresh grocery has been operating in PEI for 7 years and has accumulated a large number of customers. Sales over the years ranging from $800,000 to $1.5 million per year, a very lucrative business.....a business opportunity you wont want to miss! NOTE: This is a business only sale, building not included. Asset list available upon request.

Property Summary

Floor Space (approx): 3000 Square Feet
Built in: Y

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339 University Avenue ,
Charlottetown, PE C1A 4M8

$390,000