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Asking Price: $589,000

Upscale Specialty Food & Retail Business

Hickory, NC
Catawba County

Upscale Gourmet Food and Gift Store for Sale – Hickory, NCA rare opportunity to own a well-established specialty food and gift store with a strong reputation, and loyal customer base located in the heart of this endearing downtown, perfectly situated on the square where all the excitement takes place.The owners have taken great pride in providing a memorable retail experience which has a proven track record and continues to thrive in the communities it serves.This business serves not only its local customers but serves many devoted customers all over the US. Customers routinely say they feel like they have stepped into a charming Italian market. The surrounding area has experienced phenomenal growth and continues to gain national attention. This business is perfect for any enthusiastic investor looking for a new opportunity to capitalize in this fast-growing market.Highlights:Annual Revenue: $467K - Annual Discretionary Earnings: $181KOwner-Absentee Model: Fully staffed and independently operated—a rare find in small businesses!Stellar Reputation and reviews-Upscale city with a active downtown vibe. $100M plus invested into the revitalization of downtown Hickory. Perfect for an investor or entrepreneur looking for a turnkey operation with minimal day-to-day involvement.Don't miss out on this unique opportunity!Discretion Notice:All potential buyers are strictly prohibited from approaching or communicating with any staff members,customers, vendors, or other third parties associated with the business during site visits, without prior consentfrom the seller or broker. Any inquiries or discussions must be conducted through the designated broker tomaintain confidentiality.Facilities:The Natural Olive specializes in over 60 high quality Extra Virgin Olive Oils & Balsamic Vinegars from an exclusive supplier, Veronica Foods. These products are displayed in the store and served along with fresh bread for customers to taste. In addition to these product lines many other products have been added over the years to compliment these offerings. These include wine, gelato, gourmet pasta and sauces, specialized seasonings, local Honey, loose teas, candles, skin and hair products, home goods and gifts, along with some seasonal offerings.Growth & Expansion:Could Extend the operating hours to evening hours and include Sunday. Also, starting in 2021, wine tastings have been offered and hosted by the owners and wine suppliers. This type of activity should continue. Instore evening events such as chef demos and additional wine tasting can also be added as an extra revenue opportunity.

Cash Flow $181,717
Revenue $467,339

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