Ethnic Grocery Store For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $360000
Net Profit / Cash Flow $84000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2010
Number of Employees 4 - 5
Inventory $108000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 4 weeks 20 hours per week.
Reason for Sale Focus on restaurant and bakery owned by seller.
Description Financing: Will carry $40,000 at 0% = $1,361.11 for 36 months.
This 7 day business is doing a brisk $1,000 per day in sales, and is only in it's 2nd year of operation. Focus is on Asian goods such as dry goods, drinks, grocery items including produce, fresh fruits and veggies, hot fried foods, cold foods including a fish market area on site, and many authentic Asian delicacies are found throughout the store. Very clean store, rent is reasonable and Seller made extensive capital improvements the beginning of this year that have increased sales tremendously. Seller is distracted by another business however, and is the only reason for the sale. Sales price includes all improvements, cash flow, fixtures, furniture, equipment, and tremendous goodwill. NDA is required for exact business ID and to schedule an appointment to visit the premises.
Facilities: Strip plaza with Albertson's anchor, so there's a direct competitor in the center but this market specializes in Asian offerings.
Competition: Draws business from the Asian community in the area, not much competition in the immediate vicinity.
Growth and Expansion: Expand offerings to other products as determined by requests from customers.
Support/Training: 4 weeks 20 hours per week.
Reason Selling: Focus on restaurant and bakery owned by Seller.
Year Established: 2010
Email or call Rick Carlson at 800-985-4939 Extension 332 for more information on this ethnic grocery store for sale.
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