Turnkey International Grocery with Inventory

GRAND RAPIDS, Michigan

Asking Price	$330,000	Year Established	2020
Annual Revenue	$457,000	Reason for Selling	Other Business Ventures
Annual P/L		Attention	Chris Hays
Annual Cash Flow	$120,869	Listing Number	1018565
# of Employees	2	Business Category	Retail: Non-classifiable

Business Overview:

Step into a fully stocked, fully equipped international grocery with a 40% gross margin, low rent and no payroll, in one of West Michigan's best-known international shopping destinations. This owner-operated specialty market serves the fast-growing South Asian, Middle Eastern and international communities of greater Grand Rapids. Shelves are stocked with imported dry goods, rice, lentils, spices, teas and pantry staples, alongside fresh produce, meat, refrigerated and frozen foods, and ice cream. The store also offers specialty retail most grocers don't, including jewelry, rugs, shoes and in-house tailoring and sewing services, giving customers more reasons to visit and spend. The numbers speak for themselves. In its first 204 days under current ownership, the store generated $255,550 in reported sales and an estimated $67,554 in net profit, averaging about $1,334 in sales per day through mid-September. Annualized, that is approximately $457,000 in revenue and $120,900 in Seller's Discretionary Earnings. Because the P&L carries no payroll, all of that profit is available to the owner-operator. The store is truly turnkey. A buyer gets a walk-in cooler, cooler display cases for selling food, four refrigerators, two commercial freezers, two ice cream freezers and three meat-cutting machines, plus about ten commercial shelving units, produce displays, counters and specialty fixtures. The space also has a kitchen area, three sinks, a ventilation setup and propane gas tank availability, which provide the infrastructure for prepared foods, catering or a full butcher counter. There is also a clear, built-in upside. The business does not currently hold a liquor license, but extra cooler space is already in place for a new owner who wants to add beer and wine, one of the highest-margin, highest-frequency categories in neighborhood grocery. This is an ideal opportunity for an owner-operator, a family business, or an existing grocer looking to add a second location with immediate cash flow.

Property Features and Assets:

Walk-in cooler 1 Cooler display cases for food 2 Refrigerators 4 Large commercial freezers 2 Ice cream freezers 2 Meat-cutting machines 3 Sewing machines (tailoring) 3 Long commercial shelving units Approx. 10 Long counter tables (incl. jewelry display) 3 Rug display tables 2 Shoe display units 2 Produce / vegetable display units 2 Extra cooler space (suitable for beer and wine) Available Additional shelving, counters, displays and fixtures Throughout store

Market Competition and Expansion:

Additional Details: