Tupelo Data Room
Grocery Stores & Supermarkets
Active

Asian Food Market-Will Sell Fast-Includes approx. $40,000 of inventory

Asking Price$250,000
Revenue$840,523
EBITDA-
Cash Flow$153,466
Description
Priced To Sell Fast-Turn key operation! Well established Asian food market has been the go-to destination for customers seeking authentic ingredients, known for the freshest produce, imported products, hard-to-find culinary treasures from across Asia. This business has become a community staple for food enthusiasts, university students, international residents, restaurant operators and adventurous home cooks looking to recreate authentic flavors from around the world. Customer's travel from throughout the area and surrounding communities specifically to shop this store's extensive selection of specialty products. In addition to the freshest produce around, the inventory includes assortment of rice, assortment of noodles, sauces, spices, snacks, beverages, specialty ingredients, cookware, kitchen accessories, specialty frozen foods, seafood, fresh kimchi, bean sprouts, daikon, selection of miso, candies, and other imported products. The store is well organized and conveniently located in a shopping center with plenty of parking. The staff is very knowledgeable, very friendly and always happy to assist all customers. This business has a history of repeat customers, multiple Dining Halls at UGA, and strong relationships with ethnic groups throughout the area such as Korean Organizations, Asian Groups, Filipino Groups, Asian-American Groups, UGA Nepal Assoc, Vietnamese Assoc, etc. From the day the Asian Market first opened its doors, the Owner has worked hard in developing a strong reputation in the community, with an extraordinary loyal customer base including surrounding restaurant operators and businesses requiring their specialty Asian products.
Real Estate
Rent is $2,513 per month
Building Size: 2400 sq. ft.
Inventory
$40kIncluded in Asking Price
Number of EmployeesFull-Time: 4
Year Established
2003
Reason Selling
Owner has been hands on since its inception - 23 years and is ready to retire.
Facilities & Assets
Store consists of 2,400 sq.ft., well located in a shopping center with plenty of parking, store is very well organized and stocked with frozen section stocked with selection of fish, squid, octopus, fish cake, etc. , refrigerated section with fresh kimchi, miso, tofu, etc.; fresh produce section with beautiful bean sprouts, various types of daikon, etc, spices/sauces section and a section with kitchen accessories.
Support & Training
Owner will provide 3 weeks of training with 30 days of phone support.
Market & Competition
This is the only Asian grocery store on the West side of the city. No competition in the area.
Growth Opportunities
There is plenty of upside for a new owner with imagination including online sales, increasing social media presents, hosting specialty events, cooking demonstrations, adding additional prepared foods and adding other specialty product lines.
Related Categories
grocery store for Sale
Asking Price$250,000