Retail - Supermarkets | Retail - Other Food Stores

Asking Price	$375,000	Inventory	$50,000**
Gross Income	$824,510	Real Estate
Cash Flow	$178,510	Year Established	2006
FF&E	$200,000*	Employees	3 FT

* included in the asking price

** not included in the asking price

The grocery store is located in a major high traffic Shopping Center and just opened in March of 2006. It has 3,283 sq ft of space and is designed with a deli, wine shop and produce and grocery sections. Everything is like brand new and all the equipment and fixtures are in perfect working order. This was the first Russian and Eastern European grocery business in the City. It has a loyal and steady clientele. The majority of the customer base for this type of food and product shop at this business. The new owner could also increase sales by introducing new products from other areas of Europe, the Middle East, Asia, and India.

Facilities: The grocery store is located in a major high traffic Shopping Center and just opened in October of 2005. It has 3,283 sq ft of space and is designed with a deli, wine shop and produce and grocery sections. Everything is like brand new and all the equipment and fixtures are in perfect working order. The monthly rent is $6,750 total. The Lease runs till 9/30/2014 and has a 3 year option to extend the term.

Competition: This was the first Russian and Eastern European grocery business in the City. It has a loyal and steady clientele. The majority of the customer base for this type of food and product shop at this business. There are no other grocery/deli stores like this one this business accounts for about 85% of customer base for this type of food.

Growth/Expansion: There is unlimited growth potential for this business. The Seller expects that the gross sales for the grocery/deli business should be in excess of $1 million this year. The grocery/deli business has a customer database of over 2600 customers, in its first year of operation, and the Seller only emails to about 400 of them sporadically. The Eastern European community is one of the fastest growing ethnic groups in this region. The new owner could also increase sales by introducing new products from other areas of Europe, the Middle East, Asia, and India.

Financing: Cash or Bank Financing

Support/Training: The Seller will provide 2 weeks of on site training on the day to day operation of the business, introduction to all vendors and suppliers, and use of all equipment.

Reason Selling: Family Reasons