Seller's Contact Information

  • RE:  Grocery Store W Strong Team And $ Reduced $54K
  • Contact:  Jim Hickey
Listing Update!
Update: Grocery Store W Strong Team And $ Reduced $54K is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Food & Beverage: Grocery & Food Stores Industry.

Business Overview:

This established limited assortment grocery store sells dry goods, dairy, frozen foods, fresh meat and produce and non-edible grocery products. They have a dedicated team who provide excellent customer service. With a national reputation for affordable grocery products with quality service, this successful licensee is also recognized by their community involvement and dedicated customers. Large growth opportunities include more online ordering and delivery via Instacart, Door Dash and Uber Eats.

Property Features and Assets:

The building is leased and in the third five-year extension of that lease. The landlord is responsible for building maintenance. Interior and exterior lighting and signage were updated to LED in 2022. The seller has kept all equipment operational with constant preventative maintenance contracts and emergency maintenance as needed. They upgraded the majority of retail sales refrigeration equipment during a remodel in 2022. No additional capital expenditures would be needed by a buyer.

Market Competition and Expansion:

The current customer profile is low-income families dependent on government benefits and lower middle-class people because of the store location and corporate’s targeted customer base. They are growing their middle class, professional customer segment because they have remodeled their store and using social media to target that sector of potential customers. The geographic market is the zip codes in the city of Elmira and the surrounding area.

Reason for Selling:

Retirement. Kindly ask the seller for more information.

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

Relevant Links:

Opportunity Update!

Exciting update: Grocery Store W Strong Team And $ Reduced $54K has a new owner due to high interest! More opportunities await. Explore our site for other listings or sign up here for email alerts. Find your perfect business opportunity today!

Asking Price: $299,000

Halal Mediterranean Grocery Store Business-only

Southaven, MS
Desoto County

Sales are currently averaging $75,000 per month! Net profit is over $10,000 per month AFTER paying $8,000 in Payroll, rent, and all other expenses! Owner Operator can take home over $16,000 per month! Rent is $6,112 NNN plus CAM per month with 3 years remaining on the current lease! Rent increases by 3% year-to-year. Landlord is willing to extend the lease for 10 more years!Water and trash services are included in the lease!Store Information:Space is 4,128 sq ft! The only Halal Mediterranean store in the City of Southaven and DeSoto County, offering a turnkey beautiful concept with no direct competition!Brand new, full kitchen with a 12-ft hood, pita oven, shawarma machine, and A LOT of restaurant equipment! All equipment is only 3 years old! Most equipment comes with a 5-year warranty! 4.9 Stars on Google!Two new mosques are opening up just 7 miles away and less than 2 miles away!Business does ZERO advertising! Not listed on any food delivery apps! Major opportunity for growth through delivery!There is space to increase the dining area and add 10 to 15 more tables! There is a large and growing Yemeni community consistently requesting Yemeni products, presenting an untapped opportunity for expansion! Sellers are selling because the operating partner plans to move back to his home country to run the family business.Demographic and Geographic Details:Average Traffic Count of 12,084 vehicles passing by the store each day! Median Household Income is $69k! Population is increasing by 4%!Close to Baptist Memorial Hospital! Huge Opportunity to offer catering services to the hospital, outpatient clinics, and companies nearby! Restaurants like Yakiniku, Olive Garden Italian Restaurant, One & Only BBQ, Naru Japanese Restaurant, El Agave Mexican Restaurants, Juicy Seafood & Bar and Memphis Barbecue Company are all within 5 miles from the store! Zero Mediterranean restaurant competition in the area!Near many hotels like Comfort Inn, Homewood Suites by Hilton, La Quinta Inn & Suites by Wyndham, Drury Inn & Suites, and Holiday Inn.Located only 15 min from the Memphis Airport! Memphis is a Fedex Hub so a lot of airline staff stay at the nearby hotels and visit the grocery store and restaurant to eat. Multiple Amazon warehouses nearby! Near apartment complexes like Savannah Creek, Plum Point Villages, Oak Hollow Apartments, Avalon at Horn Lake, The DeSoto, Southcrest Lake Apartments, Southpark Gardens Apartments and Legacy at Westwind!Nearby schools like Magnolia School, Hope Sullivan Elementary School, Greenbrook Elementary School and Sacred Heart School collectively serve over 2,000 students and faculty.Universities nearby include Northwest Mississippi Community College & University of Mississippi DeSoto campus collectively serve over 34,000 students and faculty!Asking Price for Business only has been reduced to $299,000 plus inventory! Inventory is guesstimated to be $50,000 at cost.Asking Price reflects JUST the Buildout and Equipment Value!

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Russian Supermarket, Deli. Caters Prime Location.

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Hamden, CT
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