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Hispanic Grocery Store – Butchery – Money Transfer

  • March 18, 2021 8:59 am
  • New York
24c9432a-816b-4c3e-a7c2-fb17223a5b50-W768
$676,000

Overview

  • Revenue : $1,416,000
  • Cash Flow : $364,000

Description

Business Description

Established and Profitable High Traffic Street Business with Growth Potential!

• Captive customer base. 80% of the customers are loyal to culture identification &
service instead of being driven by price competition.
• Cater mainly to Hispanic customers.
• Familiar Latino grocery brands and Meat Cuts.
• Produce.
• Bakery Goods.
• Money Transfer.
• Gross Revenue: $1,416,000 (Store $1,272,000K + $144,00 Money Transfer Fees).
• Cash Flow: $364,000 (Store $220,000 + $144,000 Money Transfer Fees).
• Payroll: $106,000/year.
• Utilities: $22,300/year.


Detailed Information

Location: Duluth, GA

Inventory: Not included in asking price

Real Estate: LeasedBuilding SF:2,800

Lease Expiration: N/A

Employees: 8

Furniture, Fixtures, & Equipment (FF&E): Included in the asking price

Growth & Expansion: To open an inside taqueria and to grow 25%

Support & Training: To be determined.

Reason for Selling: To focus on another investment.

Investment Details:

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

Location

Duluth, GA (Gwinnett County),New York