Business For Sale

Reduced! Neighborhood Market for Sale

Miami, FL
Miami Dade County


Asking Price: Annual Revenue:
$155,000 Not Disclosed

Food & Beverage: Grocery & Food Stores


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RE: Reduced! Neighborhood Market for Sale Broker: Zena Bardawell

Quick Facts

Asking Price: $155,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: $140,000
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 27
Employees: 4
BBN Listing #: 99552883
Broker Reference #: Not Disclosed

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Business Overview:

Corner neighborhood market in business for 27 years. Great income with potential to earn more if new owner prefers to stay on and manage the business on a daily basis as opposed to having an outside manager and income can increase substantially. Business currently has beer, wine and tobacco license, Lotto, Western Union, Money Orders, Pay Payments (FPL, water, cell phone, cable TV), phone cards, Income can increase when you add check cashing, EBT and advertising . Business also has deli section. Market currently netting approximately $12,000 a month.

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Property Features and Assets:

Reduced! Low rent and building also for sale. Business is located on a busy street in an urban neighborhood of Overtown in Miami. Building is located on a corner and is considered the neighborhood market within walking distance to most of the residences and businesses in the area. The total square footage is 2,835 which includes the upstairs storage. The store space is 1,800 square feet. Sale includes equipment, inventory, license, trade name, Other equipment included are 16 security cameras, several walk in coolers, a deli counter with a slicer. The lease is for 5 years with option to renew; payment is currently $4,500 per month.

Market Competition and Expansion:

This is a neighborhood market with mostly pedestrian activity; there are a few other similar small markets in the area however there are no large chain supermarkets. The customers are established and the market has been there for 27 years. There is a deli section which can be expanded. Owner currently does not manage the business but has a manager on staff. If new owner were to manage this business, the income would increase substantially.

Reason for Selling:

Retiring

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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