Ethnic Market in Hartford County-33351

Not Disclosed, CT
Hartford County

Asking Price: Annual Revenue:
$135,000 $530,000

Food & Beverage: Grocery & Food Stores

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RE: Ethnic Market in Hartford County-33351 Broker: Boris Teodoro
Owner Financing is Available!
$67,500.00 Down & Balance at 4% over 36 months

Quick Facts

Asking Price: $135,000
Annual Revenue: $530,000
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 1
BBN Listing #: 73754447
Broker Reference #: 33351

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Business Overview:

Take advantage of this profitable Grocery Store specializing in Pakistani and Indian grocery in Hartford County, CT with a TON of room for growth! This is a 3 year old business which is still growing. Sales are $550,000 a year, but this year the seller is projecting $600,000 in sales. This year is more profitable than last year too, as the seller has taken measures such as lowering electricity costs, lowering transportation costs, and lowering payroll costs. This is ideal for an owner operator! The seller currently has another job and doesn't have the time to grow the store as much as it needs, yet it is providing steady cash flow. A family operation could take home more money than what the current cash flow is. Location, location, location! This business is perfectly located right on a busy road with no other ethnic stores within many any miles. That's why this business will also soon offer Russian products, as it has a diverse clientele, not only Indian/Pakistani customers. You do not have any competition for miles. There will not be a problem extending the lease. The store is 2,700 square feet and the FF&E is in great condition. Inventory is not included in the price. There is about $35,000 worth of inventory. When it comes to growing the business, keep in mind that of all the revenue produced above $530,000, there is a 35% profit left over out of every dollar. The seller's intention is to keep growing the store, and it will simply grow to be more profitable easily. Due to the seller's other engagements, you have an opportunity here! To a qualified buyer, the seller WILL offer seller financing, as the seller is very confident in the business. All site visitation MUST be very discreet. To request the address or for more information, contact the broker Boris Teodoro. Please use email reply button of this ad to contact us.

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Reason for Selling:

Family 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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