1994

Lauderhill, FL (Broward County)

Seller Financing Available
1994

Asking Price:$349,000

Cash Flow:$150,000

Gross Revenue:$2,000,000

EBITDA:$150,000

FF&E:$150,000

Inventory:$100,000*

Rate/Sq. Ft.:$18.85

Established:1994

*not included in asking price.

1994

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Business Description

Wholesale/Retail Carribean Foods Nets $ 150K - Asking $ 349,000

The wholesale customers account for about $ 1,000,000 per year at 25 to 30% mark-up. Retail is $ 500,000 to $ 750,000 at mark-ups of 40 to 50%. The big sellers in the store are native items imported from the Islands which are not readily available in normal supermarkets. The clientele here are incredibly loyal.

This business is well qualified for Visa applicants.

This is a super opportunity for an ambitious person who wishes to make a very high end living.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,100
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The location is 2100 sq. ft. and the primary tenant in a shopping center owned by the Seller of the store. Rent will be $ 3,300 per month which is under market. The sale includes all of the stores FF&E which includes equipment for both wholesale and retail.
Competition:
Seller has just weeded out wholesale accounts who are poor payers, what is left are long standing customers who are faithful and who pay their bills as agreed. This store is one of two in the area carrying unique products from the Carribean Islands that are not Otherwise available.
Growth & Expansion:
Growth is unlimited to a younger, more ambitious operator. The wholesale customers account for about $ 1,000,000 per year at 25 to 30% mark-up. Retail is $500,000 to $ 750,000 at mark-ups of 40 to 50%. The big sellers in the store are items imported from the Islands which are not available in normal supermarkets. The clientele here are incredibly loyal. This is a super opportunity for an ambitious person who wishes to make a very high end living.
Financing:
Cash sale but some financing possible to a qualified buyer
Support & Training:
Seller will supply adequate training for two weeks at no charge and supplemental training at a price to be determined.
Reason for Selling:
After 22 years Seller is moving on.

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Bill Ciano

Business Listed By:
Bill Ciano

Century 21

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