Well Established Asian Grocery and Market

Midvale, UT
Salt Lake County

Asking Price: Annual Revenue:
$145,000 $518,802

Food & Beverage: Grocery & Food Stores

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RE: Well Established Asian Grocery and Market Broker: Arthur Warsoff
Owner Financing is Available!

Quick Facts

Asking Price: $145,000
Annual Revenue: $518,802
Net Profit: Not Disclosed
Cash Flow: $26,715
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 3
BBN Listing #: 888350336
Broker Reference #: 15541-986999

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Business Overview:

This popular neighborhood market offers a large and varied selection of Asian groceries, specialty foods, merchandise, and kitchenware items. The business services both retail customers and higher volume wholesale clients such as restaurants. This is a great opportunity to purchase an established business at an attractive price that has significant growth potential.

The grocery originally opened in 1990. Both the current and prior owners have built a strong business that has the reputation for providing excellent service, as well as a tremendous selection of hard-to-find quality products.

The market is located in a busy strip mall, close to several major thoroughfares with significant shopping areas and close to growing residential neighborhoods. While there are other specialty ethnic grocery stores nearby and other Asian markets throughout Salt Lake County, there are no direct competitors within a 15-minute drive. The business will deliver free of charge with a minimum purchase amount. This is particularly important for the wholesale restaurant clients.

This business is primed for increased sales as there is continued population growth and new high traffic stores opening in the strip center. As restaurants return to normal activity post COVID, the business is already experiencing an increase in wholesale volume. A new owner could improve sales by adding simple prepared food items and expanding store hours. Recent enhancements to the website and an upgraded inventory management system will help position this business for improved profitability in the near future.

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Reason for Selling:

Time constraints.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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