Ethnic Grocery Supermarket and Cafe For Sale

Business description

LOCATION, LOCATION, AND LOCATION!! This Ethnic Supermarket is located in the heart of Little India. There is not a better location for this type of business in all of Southern California or the West Coast for that matter. This supermarket is state-of-the-art with all the upgrades possible. Owner did not cut corners on building this one from scratch. This Ethnic supermarket sells Asian products, refrigerated items, and produce. In Addition, it even has a small Cafe! Open only one year, it has already achieved sales of almost $1 million. It is being run absentee and new owner/operator can take this market to a much higher level.

Property information

Real Estate:

Lease

Lease terms:

7 yrs. 2 (5 yr) options.

Other information

Expansion potential:

State-of-the-art supermarket with all the upgrades; Best location for this type of supermarket on the West Coast; Lower prices and better service than competition; Customers from all over Southern California; Sales growing rapidly.

Competition / Market:

The business has been open for only a year; no major marketing campaign has been undertaken yet. All the revenues are derived from the many visitors that come to shop and dine. Marketing that should be considered in the future by a new owner includes - ads in ethnic newspapers across Southern California, community sponsorships, and creating an internet presence.

Support & training:

Seller will provide 2 weeks.

Reasons for selling:

Seller is relocating to another country.

Trading hours:

Seven days a week, 11am-9pm.

Furniture / Fixtures value:

$200,000 (included in the asking price)

Inventory / Stock value:

$60,000 (included in the asking price)