The Company is a leading upscale, full service specialty and natural food retailer with three retail locations in New York City and an expansion plan for an additional four stores in the next three years. Since first opening its doors in 1994, the Company has established a reputation for top quality produce, extensive product selection and unsurpassed customer service. Each location is a culinary mecca for savvy shoppers who demand the finest products and ingredients at the best prices.

The Company is seeking mezzanine and/or equity to fund growth and store expansion. The Company is holding limited discussions with institutional and family office investors for financing in mid 2015.

ESTABLISHED BRAND:
The Company has built a well known brand based on premium food quality, store environment and customer service. Our stores recreate the look and feel of a traditional, European, outdoor market, with an atmosphere of warmth and sophistication. While the interior space encourages exploration and relaxed shopping, the aisles and shelves are abundantly stocked from floor to ceiling with over 10,000 specialty food products sourced from every corner of the globe.

The Company’s are destinations for unique, organic, natural, and specialty products and each has become a neighborhood market place for celebrities and local chefs. The Company targets upper middle class neighborhoods in metropolitan areas. Store sizes ranges from 10,000 to 15,000 square feet.

SMALL BOX STORE FORMAT:
The Company utilizes a smaller box store format, averaging under 15,000 square feet with some stores in the 20,000 foot range. Each store carries approximately 9,000 to 10,000 SKU’s, while many conventional supermarkets are approximately 40,000 to 60,000 square feet and carry an average of 45,000 SKUs. Using this smaller-box format, The Company is able to focus on higher-margin food categories. The Company also believes this format facilitates a higher level of customer service that enables an enhanced overall customer shopping experience.

FORECAST:
The Company is forecasting growth from existing stores and new store growth in 2018 to $61 MM in revenues, approximately $5.4 MM in adjusted EBITDA and approximately $6.6 MM in “4-Wall EBITDA” (Store level EBITDA before central office overhead).

Deal Contact:
India Brook Partners
Jeff Tarplin
[email protected]
+1 908 219 4408