Business For Sale

Local Grocery / Supermarket in Houston Est 33 Yrs.

Houston, TX
Harris County

Houston area


Asking Price: Annual Revenue:
$450,000 $3,781,086

Food & Beverage: Grocery & Food Stores


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RE: Local Grocery / Supermarket in Houston Est 33 Yrs. Broker: Hong Phan

Quick Facts

Asking Price: $450,000
Annual Revenue: $3,781,086
Net Profit: Not Disclosed
Cash Flow: $148,786
Total Debt: Not Disclosed
FF&E: $720,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 22
BBN Listing #: 788713260
Broker Reference #: 7976HP

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Business Overview:

After 33 years operating and managing this great local Supermarket, the owner has decided to retire. The Supermarket is located on the corner of a major intersection with high visibility and accessibility. The store has 22,000 square feet under roof and 18,000 square feet of open area. Inside there are 11 sixty-foot long aisles of groceries and merchandise, 5 cash registers and a food court all with a high ceiling above. They offer groceries, fresh vegetable/fruits, frozen/fresh meats, dairy products, wine and beer. They also offer services such as: ATM, Lottery Tickets, Money Orders, and Check-Cashing (which has great growth prospects with buyer focus on this service). Special advertising flyers issued bi-weekly. Sales to Lone-Star cardholders are 30% and other credit cardholders are 36% of gross revenue. The meat market generates 33% of revenue, produce 6% of revenue and other groceries/products 61% of revenue. Camera and alarm system are in place. Repeat customers flock in from the surrounding areas due to the store’s focus on excellent customer service and providing high quality food at reasonable prices. Very clean, organized and well equipped facility with ample parking lot. Profitable business! Excellent location! Good cash flow! Do not miss this great opportunity! Employees and public are not aware the business is for sale. It is highly confidential - please be discreet. Asking price includes $270,000 of inventory. Please refer to CBb Listing #7976HP

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Property Features and Assets:

22,000 square feet facility in shopping center.

Market Competition and Expansion:

Operate and manage as the current owner has done for the past 32 years. Focus on check cashing.

Reason for Selling:

Retirement

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.

Documents:

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