Even though it’s for sale, the longtime local grocer Healthy Home Market doesn’t plan to close any of its three area stores.
The Observer reported earlier this week that the Charlotte-based organic food grocer has decided to put itself up for sale. The company’s president, John Bauer, explained that the chain has suffered “a series of financial setbacks,” caused primarily by store expansions and relocations.
This includes the unexpected move from its store on South Boulevard in 2014 to make way for a $190 million mixed-use development anchored by a Harris Teeter. Another, Bauer said, is the closure of a store on Independence Boulevard one year later because of road construction.
The chain’s most recent and most devastating setback, however, was the disappointing sales at a Lenoir store that closed in July after just six months in operation. That store, Bauer said, resulted in “substantial stress to HHM’s finances.”
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“Sales didn’t meet our budgetary needs at the Lenoir store,” Bauer said.
The company is “already seeing positive momentum and potential buyer interest,” he added.
“We are hopeful that the process will result not only in business continuity for Healthy Home, but future growth of the brand in the hands of a buyer with the necessary capital resources,” Bauer said in a statement.
The organic foods grocer started in Charlotte under the name “Home Economist Market” in 1979, and changed its name to “Healthy Home Market” in 2008. The chain’s three stores are in Davidson, Plaza Midwood and Matthews.