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Ethnic Supermarket Thrives In Indianapolis For Sale

  • March 18, 2021 9:06 am
  • Chicago
New
p2
$800,000

Overview

  • Revenue : $2,835,352
  • Cash Flow : $310,000

Description

This niche supermarket is located at a prime location in a popular college town. The business runs on a 90% retail, 10% wholesale distribution model. It sells goods to regular retail customers, but also supplies local restaurants as a wholesale distributor. The supermarket has a restaurant inside as well, offering an added convenience to busy customers and on-the-go students.

Product lines include a variety of specialty items from countries such as Japan, Korea, China, Taiwan, Thailand, Vietnam, India, and other Asian countries. They also carry some exclusive imported brands. — 90%; of sales are food products while 10% is considered household goods.
Strengths of this business:

1) Biggest Asian market nearby. Offers more variety than any local competitor.
2) Prime location.
3) Stable sales. No seasonality.
4) Competitive prices.
5) Top-tier customer service
6) Clean and odor-free market
7) Offers live fish (big selling point) and other seafood.
8) Convenient restaurant within the market

Average 4.5-star review on Yelp; average 4.3-star review on Google.

NDA ‘submit directly above link} is required for comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Property Information

Premises Details: Facilities: Prime location at a busy strip mall. Leased. Approximately 7,500 sq. ft. The monthly rent is $11,000 including CAM charges. Rent also includes insurance, maintenance, and taxes. Lease expiration: 7/2026. There is a renewal option for two additional five-year periods.

Business Operation

Expansion Potential: This business has tons of growth potential. To expand the business and boost profits: 1) Continue to maintain comprehensive product offerings by following consumer preferences. 2) Continue to be selective in vendor sourcing, in order to ensure quality and stay competitive in prices. 3) Continue to run operations efficiently. 4) Promote the brand via strategic partnerships. 5) Get involved in local community events (maybe some charity activities)

Competition / Market: Very limited competition nearby for similar international markets. This business captures 90% of the local ethnic market share.

 Reasons for Selling: Retirement.

Employees: 11

Years established: 2013

Other Information

Support & Training: 4 weeks at 20 hours per week.

Financing available: If the price and deal structure are right.

Furniture / Fixtures value: $296,000 – included in the asking price

Inventory / Stock value: $250,000

Investment Details:

Purchase shares in this supermarket for as low as $500.

Location

Indianapolis, Indiana, US,Chicago