Local Supermarket in South Houston Includes RE

Houston, TX
Harris County

8201


Asking Price: Annual Revenue:
$1,525,000 $1,843,119

Food & Beverage: Grocery & Food Stores


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RE: Local Supermarket in South Houston Includes RE Broker: Hong Phan

Quick Facts

Asking Price: $1,525,000
Annual Revenue: $1,843,119
Net Profit: Not Disclosed
Cash Flow: $164,665
Total Debt: Not Disclosed
FF&E: $455,000
Real Estate: $1,000,000
Year Established: 1999
Employees: 11
BBN Listing #: 318113260
Broker Reference #: 8201

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Business Overview:

Local Supermarket with property located in south Houston built in 1999. Business faces a major intersection. Owner has decided to retire after owning and operating the store for the past 20 years. The property includes 9,286 square feet of building and 50,168 square feet of land. Offers: groceries, fresh vegetable/fruits, frozen/fresh meats, dairy products, wine and beer. They also offer services such as: ATM, Lottery Tickets and Money Orders. Special advertising flyers issued bi-weekly. Lone-Star cardholders are about 60% of revenues, Debit/Credit cardholders are about 20% of revenues and cash is about 20% of revenues (business does not accept personal checks). Sales Category: Beer/Wine 10.5%, Grocery 42% (mark up 25%-28%, Meat 33.5% (mark up 45-45%), Dairy 3.5%, Tobacco 4.5% and 6% is for Bakery, Frozen and GMD . Asking price includes $175,000 of the inventory. Camera, Alarm and (3) POS systems are in place. There is a kitchen area ready for a Deli or Fast Food shop. The addition of the shop would be an easy growth opportunity for the buyer. Very organized, clean, and well-equipped Supermarket. Excellent customer service. Provides high quality foods at reasonable prices that always bring the customers back. High visibility and accessibility with open parking area. Profitable business! Loyal customers! Nice facility! Great opportunity to own a supermarket with property that has been in business for the last 20 years. Please refer to CBB Listing #8201

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Property Features and Assets:

9,286 square feet freestanding facility on 50,168 square feet of land.

Market Competition and Expansion:

There is a kitchen area ready to open for deli / ready to eat.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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