$900,000.00
Asking Price
Address: Lancaster, 93534.
Status: Active
Posting ID: 286030
4/8/24
Description
This Asian Hispanic grocery is a well-established independent store, specializing in Asian-Mexican products—a business known for its resilience even during economic downturns. Presently, it operates under absentee management. Its strategic location at a bustling intersection ensures a constant flow of pedestrian traffic, complemented by ample front parking space.
The grocery offers a variety of locally sourced organic produce, along with a fresh meat and seafood section equipped with a frying station. Additionally, it houses a station for lotto/lottery tickets and serves as a branch/pick-up point for an established door-to-door cargo service. The financial records are meticulously maintained by a certified public accountant (CPA), with a seller discretionary annual income of $250,000, promising a quick return on investment (ROI).
Responding to market demand, the owner has leased additional units to expand the floor area. Unit 44164 spans 3,100 square feet with a lease of $2,700, expiring on May 31, 2024 (renewable every 5 years). Unit 44160 covers 1,550 square feet with a lease of $1,300, expiring on August 31, 2025 (also renewable every 5 years). These units offer substantial office space for management and ample storage for inventory.
The grocery's prime location at a busy intersection has made it a staple in the neighborhood, boasting a loyal clientele. There's potential for further expansion by including beer and liquor in the inventory, as well as incorporating remittance services.
Prospective buyers are encouraged to secure their own financing, such as through an SBA loan, or to provide cash for the acquisition. The current owner is committed to providing a full month of training, although the business already operates with a trained staff, given its absentee owner model.
The decision to sell arises from the owner's pursuit of other business interests, presenting an opportunity for a new owner to take the reins of this thriving enterprise.
To get more information about this Asian Hispanic Grocery - Est 2011, Absentee Run business for sale in Lancaster please phone Ces Aquino at 714-814-5119 and -- - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #286030 on BizBen.com. In addition to phoning Ces Aquino, make sure you email Ces Aquino above to get more info about this Asian Hispanic Grocery - Est 2011, Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you.
Contact
Details
Asking Price: $900,000.00
Down: Call/Email
Cash Flow: N/A
Revenue: $250,000.00
Area: Lancaster
City: Lancaster
Attributes:
My Notes About This Listing
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