A Busy Latin Supermarket For Sale

Miami, FL
Miami Dade County

Asking Price: Annual Revenue:
$1,100,000 $3,950,000

Food & Beverage: Grocery & Food Stores

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RE: A Busy Latin Supermarket For Sale Broker: Jesse peraza
Owner Financing is Available!
Loan/Seller - Amount: $680,000 Months: 60 Rate: 6.00% Monthly Payment: $13,146.31

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $3,950,000
Net Profit: Not Disclosed
Cash Flow: $800,000
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: Not Disclosed
Year Established: 1994
Employees: 16
BBN Listing #: 7869630
Broker Reference #: 2201826283

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Business Overview:

Very busy Latin supermarket situated and grandfathered in a residential area with little to no competition around. Free standing building with lots of parking and numerous revenue streams including UHAUL truck rentals, Western union, Ria, Latin cafeteria serving hot and cold food to go, electronics and cell phones. The market has been there for over 20 years, but current owners bought in 2017 after the hurricane and totally updated, renovated and brought in newer equipment. 2018 sales were affected by not yet being approved for food stamps which was approved later in the year and getting all permits updated and renovations done and still had net of over $500k.This place rivals other better-known Latin supermarkets in Dade County for a fraction of the cost. Please refer to this listing # 2201826283 Business Broker Jesse Peraza when inquiring about this listing.

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Property Features and Assets:

Lease/Month: $11,300; Square Footage: 15,000; Building Type: Free standing; Terms & Options: 1x5 year; Expiration Date: 1/1/2023.

Market Competition and Expansion:

Non Compete : Miles: 100 Years: 3.

Reason for Selling:

Other Business Interest.

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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