Beer & wine freestanding meat market with property for sale
Approx 3,536 sq ft situated on approx 6,080 sq ft., lot, highly visible building, populated with hispanics, plentiful parking spaces. Tremendous upside potential by adding wic and recycle which can be facilitate in back of the property. Subject store is qualify for sba loan w/ lender' approval of buyer. Asking $190k for businesses & asking $700k for property = $890,000+inv. Great asking price, very clean store, market established since 60's, a must-see!
Business type: grocery meat market with beer & wine
Days open & hours: 7 days /8:00am to 8:00pm
No. Of employee: 1 full-time and 2 part-times with owner working full time
Approx, represented by seller as per listing agreement
Approx total annual net sales 684,000.00
Total cost of good sold $444,600.00
Gross profit $239,400.00
Approx annual operating expenses
Property tax $7,797.00
Loan payment - 1st td $50,118.72
Payroll, including payroll taxes $77,400.00
Workman's comp $4,200.00
Liability & property insurance $3,600.00
License and permits $2,500.00
Maintenance / repairs $4,000.00
Professional fees $2,400.00
Telephone + internet $2,880.00
Utilities - electricity $15,600.00
Misc, such as taxes and others $8,000.00
Total expenses $181,075.72
Net income, (after debt service) $58,324.28
Extra income, lotto & water $24,960.00
Approx annual net income after debt service $83,284.28
Remark: prime location, highly populated with hispanics
Remark: tremendous potential by adding wic & recycle which can be facilitate in back of the property.
Please, under any circumstances, do not disturb discuss the sale of the business with any employer/seller, employee or business neighbor, for more information please contact remy chen.
Broker/agent does not guarantee the accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals.