Listing Number: 76931-200829
June 2020 marks the establishment of this business. The grocery store is close to Texas A&M University and specializes in Asian food and groceries. It provides 70% dry products, 15% fruit, 10% vegetables, 5% packed meat and other foods. 30% of the clientele are locals, while 70% are students. 30% of the customers are Asians, and 70% are not.
The store is operated on a leased property of 3249 sqft. Monthly rent is $7,635 including NNN. The landlord will be very flexible to the buyer. The Space can be adjusted, and the rent can be negotiable.
Absentee-owner operations. Revenue in 2022 was $750,584 with $38,332 of EBITDA. The asking price is $76,000 including inventory of $50,000 and fixed assets of about $38,459. Based on the performance as of September, it projects to be even in the whole year of 2023.
The reason the seller wants to sell the company is that it is too far from his home in Houston to the store in College Station, TX. Since his partner returned to China, he is unable to manage the business. This is a unique chance to purchase a well-running grocery store at a reasonable price, in a prime location with a loyal customer base.
- Price: $ 76,000
- Down Payment: $40,000
- Sellers Discretionary Earnings: $ 89,932
- Total Sales: $ 750,584
- Location: Brazos County, Texas
- Inventory: $ 500
- FF&E: $ 38,459
- Employees: 2
- Year Established: 2020
- Reason for Selling: Too far from home
- Category: Retail Miscellaneous