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Description

OFF-MARKET’Q3 2021

Ethnic Supermarket Thrives in Busy College Town Prime Location

Asking Price: $800,000
Cash Flow: $310,000
Gross Revenue $2,835,352
FF&E $296,000
Inventory: $300,000 +/-
Established: 2013
Employees: 11

Business Description

This niche supermarket is located at prime location in a popular college town. The business runs 90% retail, 10% wholesale distribution model. It sells goods to local retail customers, but also supply to local restaurant as wholesale distributor. The supermarket also has a restaurant attached to it, which provides convenience to customers.
Product lines include variety products from different countries such as Japan, Korea, China, Taiwan, Thailand, Vietnam, India and primarily other Asian countries. They also have some exclusive brands. Product categories are — food products: 90%; others (such as household hardware): 10%. NDA {SUBMIT DIRECTLY BELOW} is required for comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Strengths of this business:

1) Biggest Asian market nearby. Offers more variety of products than any local competitor.
2) At a prime location.
3) Stable sales. No seasonality.
4) Competitive price.
5) Top tier customer service
6) Clean and odor free market
7) Offers live fish (big selling point) and other seafood and meat type
8) Having a restaurant attached to the market

Average 4.5 star review on Yelp; average 4.3 star review on Google.

Facilities:

Prime location at nearby a strip mall. Leased. Approximately 7,500 sq.ft. monthly rent is $11,000 including CAM charges. Rent includes insurance, maintenance and taxes. Lease expiration: 7/2026. Renewal options: option to renew for two additional five years.

Competition:

Very limited competition nearby for similar international market. This business captures 90% of the local market share.

Growth & Expansion:

This business has tons of growth potential. 5 things the Seller would suggest a new owner do to expand the business and boost profits:
1) Continue to maintain comprehensive product offerings by following consumer preferences
2) Continue to be selective in vendor sourcing, in order to ensure quality and stay competitive in prices
3) Continue to run operations efficiently
4) Promote the brand via strategic partnerships
5) Get involved in local community events (maybe some charity activities)

Support & Training:

4 weeks at 20 hours per week.

Reason for Selling:

Retirement.

Seller Financing:

Only if the price and deal structure is right.

Contact info

Pronova Partners

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