Seller's Contact Information
- RE: Asian Grocery Store In College Station, TX
- Contact: Austin Zhao
Quick Facts
| Asking Price: | $76,000 | |
| Annual Revenue: | $420,713 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $27,762 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $38,459 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2020 | |
| Employees: | 2 | |
| BBN Listing #: | 935141 | |
| Broker Reference #: | 76931-200829 |
Business Overview:
TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-200829
June 2020 marks the establishment of this business. The grocery store is close to Texas A&M University and specializes in Asian food and groceries. It provides 70% dry products, 15% fruit, 10% vegetables, 5% packed meat and other foods. 30% of the clientele are locals, while 70% are students. 30% of the customers are Asians, and 70% are not. The store is operated on a leased property of 3249 sqft. Monthly rent is $7,635 including NNN. The landlord will be very flexible to the buyer. The Space can be adjusted, and the rent can be negotiable. Absentee-owner operations. Revenue in 2022 was $750,584 with $38,332 of EBITDA and $81,332 of Seller’s Discretionary Earnings (SDE). However, the revenue was dropped to $ 420,713.69, EBITDA became negative, -$8,237.56 and SDE was dropped to $27,726.44 in 2023 after his partner returned to China at the end of 2022 and he let a hired manger to take care of the operations. In the meantime, the owner’s wife was pregnant and delivered a new baby in 2023, he had to take care of his family, so didn’t have the time to take care of the business.
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Property Features and Assets:
Monthly Rent: $7,635.00
Square Units (Foot, Meter): 3,249
Lease Expiration Date: May 30, 2025, 10:00:00 PM
Terms Options: Renewable
Facilities: Retail
FF&E Overview: To be provided in the CIM
FF&E General Condition: Good condition
Market Competition and Expansion:
Competition:
o Absentee-owner operations
o Stable client base.
o Excellent location, near TX A&M University.
o Potential to grow.
Expansion: Getting more inventory and putting more effort in marketing adds additional benefits. Constantly paying attention to the needs of the clients and working hard to professionally fulfil them. Making a clever business strategy and using an effective retail outlet will flourish the business are additional benefits.
Reason for Selling:
Too far from home
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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