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Business For Sale
JUST REDUCED GROCERY/RESTAURANT
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Asking Price: |
$1,200,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Conv & Food Stores
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Reason for Selling:
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Other Interests |
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Year Established:
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1995 |
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# of Employees:
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14 |
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Yearly Cash Flow:
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$45,440 |
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Yearly Gross Income:
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$892,358 |
Business for Sale Overview:
This business was established in 1995 and was purchased by the present owner in July, 2005. The business has grown and expanded and now is a profitable food service establishment that serves the Hispanic community with high quality restaurant foods, groceries and bakery goods. The business is being marketed for sale by the present owner so that he might concentrate on other business ventures in which he has a financial interest. This business consists of three separate components each of which compliments the goods and services of the other businesses all owned and operated by the same owner from this one location. The revenue generated by these separate units is divided in that the grocery store provides 50% of the gross receipts of the business. The grocery store will typically carry an inventory that has a value of $80,000 at cost which consists of food items most commonly used by the local Hispanic population. The balance of the income produced by the business is generated by the restaurant operations and the bakery. The restaurant sales include beer and wine sales in addition to an extensive menu of popular Mexican and American dishes.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner may be 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.
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