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LISTING ID # 33351
Looking for a grocery store with NO COMPETITION? Take advantage of this profitable, ethnic Grocery Store specializing in Pakistani and Indian grocery in Hartford County, CT with a TON of room for growth! This is a 3 year old business which is still growing. Sales are $550,000 a year, but this year the seller is projecting $600,000 in sales. This year is more profitable than last year too, as the seller has taken measures such as lowering electricity costs, lowering transportation costs, and lowering payroll costs. This is ideal for an owner operator! Are you new to the grocery store business? The seller is open to selling to and training first time grocery store owners as well! Anyone of any cultural background can thrive as there is a loyal customer base and the seller will ensure a smooth transition. The seller currently has another job and doesn't have the time to grow the store as much as it needs, yet it is providing steady cash flow. A family operation could take home more money than what the current cash flow is. Location, location, location! This business is perfectly located right on a busy road with no other ethnic stores within many any miles. That's why this business will also soon offer Russian products, as it has a diverse clientele, not only Indian/Pakistani customers. You do not have any competition for miles. There will not be a problem extending the lease. The store is 2,700 sq ft and the FF&E is in great condition. Inventory is not included in the price. There is about $35,000 worth of inventory. When it comes to growing the business, keep in mind that of all the revenue produced above $530,000, there is a 35% profit left over out of every dollar. The seller's intention is to keep growing the store, and it will simply grow to be more profitable easily. Due to the seller's other engagements, you have an opportunity here! To a qualified buyer, the seller WILL offer seller financing, as the seller is very confident in the business. All site visitation MUST be very discreet. To request the address or for more information, contact the broker Boris Teodoro at
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Seller will train
69,000.00 Down & Balance at 4% over 36 months
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