Listing Number: 5301-76667
This is a must-get CASH COW! The owners opened this supermarket 13 years ago. It is a stable and growing business, that has been bringing owners more than two MM on a yearly basis. It sells everything including fresh produce, meat, seafood, diary, BBQ, wine, beer, liquor, tobacco, lottery and all you can think of. It boasts international food expo, Chinese, Japanese, Indian, Vietnamese, Korean, Thai, central American, Persian, Caribbean, African and many more foods. Owners have spent $1.5MM in 2015 to expand the store by 11k sqft. Included in that is a 450kw generator the can run the entire store. Also built was walk-in refrigerated fresh produce section that is twice as large as the ones in a Costco store. A brand new produce prep room was built to maintain the freshness and quality of the produce on a daily basis. All of the coolers and display freezers are brand new and of the highest quality. The produce department is now over 5000 sqft. We have also installed a brand-new transformer to support the new facility. The owners also operate the best Deli you can ever find in a supermarket. There roasted pig attracts customers from They sell large variety of international foods that are prepared by their professionals on a daily and weekly basis. The liquor department is has over $300k of inventory which is unheard of for an International market of this type.
Another plus for this business is that new owners do not need to work full time. There are about ten key employees who have worked for the current owners for about 10 years. There is a manager who basically runs the daily operation. All of them will stay loyal to the business and new owners. Current owners will work with new owners with detailed transition plan and support the new owners through out the process.
Growth opportunities: They have over 200 long time well-establish business clients. Those clients come weekly buying in bulk. The owners are just maintaining current clientele at this point. There is a huge opportunity to tap in to adding a wholesale delivery business. With two delivery trucks and a few more employees, you can create a whole new addition to this thriving business. There is also strong market need to open another one half of this size on the other side of the city. That may reduce the cost, and expand the market share in the city even larger.
As large revenue as a business has, marketing expenses is next to zero. New owners have the opportunity take it over and grow it to its highest potential, once implements some effective marketing efforts.
The owners are very motivated to sell and move on with other investment opportunities. They will stay to train new owners for up to four weeks at no cost. The owners are willing to finance up to 50% pf the sales value. That itself shows the confidence and high hope they have for the new owner to be successful.
- Price: $4,999,000
- Down Payment: $2,499,500
- Sellers Discretionary Earnings: $2,625,894
- Total Sales: $17,879,238
- Location: Withheld,
- Inventory: $1,500,000
- FF&E: $1,500,000
- Employees: 50
- Year Established: 2005
- Reason for Selling: Other investment opportunity
- Category: Food Business Retail