“Specialty Food sales increased almost 15 percent in recent years.”
There are a lot of trends in the industry right now that can be taken advantage of to gain a competitive edge. The business transaction brokers at Murphy Business & Financial Services can provide you with the knowledge necessary to help you successfully complete a business transaction in the specialty food industry. Murphy Business is one of the largest and most successful brokerage firms in the United States and Canada and has offices located throughout North America. Our professional staff of business transaction brokers have expertise in owning and operating businesses and facilitating business transactions in the industry. Let the knowledge and proficiency of the Murphy Business professionals help you sell or purchase a company in the specialty food stores industry.
The specialty food store industry includes gourmet food stores, natural and organic food stores, health food stores, stores that specialize in meat and seafood, fruit and vegetable markets, and bakeries and candy stores. Small companies can compete with large companies by providing specialty products and providing superior customer service. Competition is vast and comes primarily from grocery stores, mass merchandisers like Target and Wal-Mart are also a source of competition.
Specialty Food Business Key Factors
- Demand is driven by consumer spending and tastes
- Profitability depends on effective merchandising
- Ability to generate store traffic