Profitable European and Mediterranean Market

Raleigh, NC
Wake County

Raleigh Durham, NC Area

Asking Price: Annual Revenue:
$180,000 $300,000

Retail: General Merchandise - Retail

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RE: Profitable European and Mediterranean Market Broker: Lenwood Mills

Quick Facts

Asking Price: $180,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $37,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 1
BBN Listing #: 218957949
Broker Reference #: 209-00001

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Business Overview:

Price was just reduced by 90k for a quick sell ! 13 years in business with a large loyal clientele. Great retail store selling all kinds of European and Mediterranean food, drinks and merchandise. Business is well established and has long term relationships with vendors and customers. Great location in Raleigh Durham NC area in a very well established strip center with lots of traffic. Owner is moving to another state and will train buyer on all of his trade secrets and best practices. This won't last long on the market call today! For additional information please contact listing agent Lenwood Mills.

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Property Features and Assets:

This is a leased location of 1,900 square feet with a Total Rent of $3,025. Lease ends 08/2023 with two 5 & 10 year lease options. Seller is active in the business with 1 Full Time employee. Hours of operation are Sunday: 10 AM - 6 PM, Monday - Saturday: 10 AM - 8 PM . $80,000 in Inventory and $37,000 in FF&E included in Asking Price. $40,000 made in Leasehold Improvements.

Reason for Selling:

Moving to another State must sell quickly

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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