Hi $ Flow -$250K Potential Grocery/Store/mini Market - Huge Upside

Champaign County, IL

Seller Financing Available
ist

Asking Price:$750,000

Cash Flow:$278,000

Gross Revenue:$2,142,000

EBITDA:$178,650

FF&E:$550,000

Inventory:$260,000*

Real Estate:$550,000

Established:1995

*not included in asking price.

Hi $ Flow -$250K Potential Grocery/Store/mini Market - Huge Upside

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Business Description

*** Drastic PRICE Reduction ******
$
**** HUGE MONEY MAKER DEAL ****
$
*** WITH ONLY $150,000 Down payment for qualified buyers ***
$
Syed Brokerage presents another strong Business with 50% more upside potential.
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Grocery Store in a free standing building on high traffic area, near the stop light intersection.
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An Asphalt paved parking with ample striped parking for 100+ cars, lighting and concrete walkways.
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Owners is burned out and away from his home town ARIZONA and wants to move back -
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Business requires a strong family operator- with grocery store background.
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Last 3 years average yearly gross revenues $2,142,000
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Last 3 years - EBITDA - $178,000
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TRUE POTENTIAL $250,000 BY MERELY ADDING LIQUOR LICENSE.
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Liquor license available, -
BUT CURRENT OWNERS DO NOT USE AND DO NOT SELL ANY LIQUOR.
Adding the wines, liquor, and beer products, shall increase the business revenues by 40% -
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Business is located in mixed demographic area with low-middle class to middle class income
Population..................................................1-mi....,,,,,.....3-mi............5-mi.
2013 Male Population............................... 3,043 .........16,578......... 23,247
2013 Female Population.......................... 3,472 ..........18,103 ........ 23,210
% 2013 Male Population .......................... 46.71% ........47.80% ........50.04%
% 2013 Female Population ........................53.29% ........52.20% ........49.96%
*
% 2013 White ............................................. 62.92% ........67.42% ........ 71.75%
% 2013 Black or African American ..............29.24% ........ 25.66% ........ 22.18%
% 2013 Hispanic ............................................ 6.77% ..........5.52% ............5.26%
2013 Household Income: Median .......... ......$31,013 ......$38,063 .......$39,105
2013 Household Income: Average ..................$40,495 ........$48,445 .......$49,353
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There is great potential to increase the business revenues by adding, more hours, more products, and selling beer/wine and liquor.
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Sign the attached NDA to obtain more information.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
20+
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Free standing one story, 14,664 sq ft building on 59,697 sq ft. (1.37 acres) lot. with 1,200 sq ft is utilized as coffee shop with drive-thru window (currently closed down). - Coffee shop can be re-opened or converted into drive thru-restaurant or even drive thru liquor shop
Growth & Expansion:
1) --- The Sellers do a fair amount of Hot Deli business with hi profit margins; the store is well known for having the best tasting fried chicken in the area for years; a new owner with fresh ideas can capitalize on this and with small investment can carry that hot deli business to the next level; the market is definitely there; you just need a motivated operator with sufficient man-power. Just adding a pizza oven in there will make a difference. 2) -- The store is also well-known for having the best ground beef in town for years, as we don't use already ground beef tubes like other supermarkets, but rather use whole muscle meat and grind fresh several times daily. There is a lot of potential to capitalize on this as well and increase the meat department revenues. All equipment is already there and in great working condition. 3) --- Current owner doesn't sell beer or liquor, money orders, ATM or cash checks. This is an additional stream of additional income that can be explored. 4) --- We need to also emphasize the current totally finished vacant 1500 sq. ft. area with the drive thru window that can be utilized for drive thru liquor, coffee shop or fast food or sub-leased to a 3rd party for additional income; the potential is there and you don't have to pay for extra rent. 5) --- More business hours and better advertisement will also take the store to the next level.
Financing:
ONLY $150K Down -Seller help Dn Payment if Buyer qualified -Bank Financing Avail
Support & Training:
Yes, 30 days (15 days prior to the closing and 15 days after the closing.
Reason for Selling:
Personal Reasons - Owners wants to move back near his family

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Mehmood H. Syed, CM&AA

Business Listed By:
Mehmood H. Syed, CM&AA

Syed Brokerage & Capital Co.

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