Grocery Stores - 2 locations
Grocery Stores - 2 locations
Grocery Stores - 2 locations

Grocery Stores - 2 locations

Case study

  • Foodsmart
  • In 2023, ModVedi Partners expanded its investment portfolio in a Direct Equity investment with a $15 million acquisition of two longstanding grocery stores located in a highly popular neighborhood in downtown Chicago. With over 30 years of community presence, these stores boast diversified revenue streams including laundromat services, sweepstakes machines, UPS and USPS Postal services, mailbox rentals, printing and faxing, key making, bitcoin services, and more. Post-acquisition, ModVedi Partners invested over $250,000 in new development initiatives—introducing a Krispy Krunchy Chicken franchise into the nation’s first-ever laundromat setting and working to bring a world-leading submarine sandwich franchise into the high-volume grocery store. The firm also implemented new point-of-sale systems and launched a customer loyalty program to enhance operational efficiency and customer engagement. This investment underscores ModVedi Partners’ commitment to driving long-term value and growth in the retail sector through strategic capital deployment and operational excellence in direct equity investments.