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  • RE:  Asian Grocery Store In College Station, TX
  • Contact:  Austin Zhao
Owner Financing is Available!
Owner Terms:$36,000.00 Interest:6.75% Term Months:36 Monthly Payment:$1,107.47

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

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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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