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Asking Price:	$375,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Conv & Food Stores
Reason for Selling:	Family Reasons
Year Established:	1999
# of Employees:	3 FT
Yearly Revenues:	$824,510
Yearly Cash Flow:	$178,425
Yearly EBITDA:	$178,425
Yearly Net Profit:	$178,425
Yearly Gross Income:	$824,510

Business for Sale Overview:

The grocery store is located in a major high traffic Shopping Center and just opened in March of 2006. It has 3,283 sq ft of space and is designed with a deli, wine shop and produce and grocery sections. Everything is like brand new and all the equipment and fixtures are in perfect working order. This was the first Russian and Eastern European grocery business in the City. It has a loyal and steady clientele. The majority of the customer base for this type of food and product shop at this business. The new owner could also increase sales by introducing new products from other areas of Europe, the Middle East, Asia, and India.

Property Features and Assets:

The grocery store is located in a major high traffic Shopping Center and just opened in October of 2005. It has 3,283 sq ft of space and is designed with a deli, wine shop and produce and grocery sections. Everything is like brand new and all the equipment and fixtures are in perfect working order. The monthly rent is $6,750 total. The Lease runs till 9/30/2014 and has a 3 year option to extend the term.

Market Competition and Expansion:

This was the first Russian and Eastern European grocery business in the City. It has a loyal and steady clientele. The majority of the customer base for this type of food and product shop at this business. There are no other grocery/deli stores like this one – this business accounts for about 85% of customer base for this type of food. There is unlimited growth potential for this business. The Seller expects that the gross sales for the grocery/deli business should be in excess of $1 million this year. The grocery/deli business has a customer database of over 2600 customers, in its first year of operation, and the Seller only emails to about 400 of them sporadically. The Eastern European community is one of the fastest growing ethnic groups in this region. The new owner could also increase sales by introducing new products from other areas of Europe, the Middle East, Asia, and India.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.