This market is a fantastic neighborhood market.
Serving the area for over 20 years, this market sells fresh
Produce, meats,grocery products and food to go, tailored to the local
The store has all the pieces in place. Stores with meat
Departments get more traffic; meat represents approx 30% of
Gross sales. It is located in a safe hispanic neighborhood
With a loyal customer base that have been shopping here for
Years. The surrounding area is densely populated, with many
Apartments and single family homes nearby, and this market
Is their preferred stop for groceries. The area is well established, so you're not likely to have new competition spring up
Nearby. Lease terms are outstanding: not only is the current rate under market $6,186 for 12,000 sq ft unit, but they sublease a portion of their
Warehouse for $2,000 month, which covers a nice chunk of the rent.
The partners are going their separate ways. The partner with some industry experience is stretched too thin with other
Locations, leaving the less experienced partners to run this store. And it shows; the facilities are not kept clean, and
The building could use a refresh (minor repairs and a paint job should do the trick). Prior to current owner, this location
Was doing 20% more revenue. Current owners do zero advertising or marketing of any kind; advertise after sprucing it
Up and grab some easy gains. There is also a perfect spot in the building to add additional services that the local
Community uses to increase revenue: check cashing, money wires, money orders, and bill pay.
If you're in the market for a market, this market is for you! It makes good money now, but can make much more money
With the right new owner.