Profitable Asian Grocery Store - North East
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $400000
Net Profit / Cash Flow $120000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2005
Number of Employees 1 - 3
Inventory 15000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Bought a bigger store
Description Profitable Running Asian Grocery Store in a prime location. 1,400 square feet area, established customer base. Very well set up with lots of storage space for inventory. Seller will train the new buyer and can stay on for a short time.
Seller is looking to sell as he is starting a very large store in another town and will not be able to manage both.
Annual Revenue: $400,000
Gross Profit: $120,000
Rent : $2,750 per month
Lease : 5 years remaining.
Asking Price: $75,000 (including inventory of $30,000 plus furniture and fixtures $15,000).
Terms : Owner can provide a note of up to $25,000 for three to five years for qualified buyers
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