Reduced: Absentee-Owned Grocery w/ loyal clientele in Lancaster, CA
Lancaster, CA
| Asking Price: | $599,000 |
| Gross Revenue: | $1,573,000 |
| EBITDA: | $132,000 |
| Established Year: | 2011 |
| Cash Flow: | $250,000 |
| Rent: | $4,000/Month |
| FF&E: | $50,000 |
Listing ID: 2212173Listing provided by BizBuySell
BUSINESS DESCRIPTION
Reduced Price: Asian & Hispanic Grocery est 2011
Reduced Price
Well-established independent Asian-Hispanic Grocery store - recession proof business.
Currently operating under fully absentee management.
Location on a major busy corner/intersection, ensures a high foot traffic and great front parking space.
Local organic produce, fresh meat and seafood area with frying station.
Includes lotto/lottery tickets station and also a branch/pick-up location for an established door-to-door cargo business.
Clean books maintained by a CPA
Sales price DOES NOT include inventory and delivery van - call to inquire.
Direct buyers only; no brokers please.
Owner will retire and move to another country.
Seller discretionary annual income $250K. Quick ROI.
DETAILED INFORMATION
Location
Lancaster, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,650
Lease Expiration
31/05/2024
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Due to demand of the market, owner leased additional unit to expand floor area:
Unit 44164 - 3100 sq ft
Lease: $2,700
Expiration: May 31, 2024 (renewable every 5 years)
Unit 44160 - 1550 sq ft
Lease: $1,300
Expiration: Aug 31, 2025 (renewable every 5 years)
Has a big office space for management's use and big storage area for inventory.
Competition
Prime location; situated in busy corner/intersection. Popular grocery store in the neighborhood with loyal clientele.
Growth & Expansion
New owner can further expand by including beer/liquor in inventory.
New owner can still add remittance services.
Financing
Buyer to obtain own financing (i.e. SBA loan) or cash
Support & Training
Full 1-month training provided by owner. But since this is an absentee owner business, trained staff are already in place.
Reason for Selling
Pursue other business interest
BUSINESS LOCATION
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