Independent and Highly Reputable Hispanic Grocery/Check Cashing Store

TX

Independent and Highly Reputable Hispanic Grocery/Check Cashing Store
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $14,700,000

EBITDA: $571,000

FF&E: N/A

Inventory: N/A

Established: N/A

Independent and Highly Reputable Hispanic Grocery/Check Cashing Store

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Business Description

The Subject operates a Hispanic grocery store, in-store check-cashing center, and a bi-weekly mobile check cashing center. The Company utilizes major Hispanic vendors to provide authentic products that are not carried by American grocery stores. As such, the Company has inherent competitive advantages with its product offering and reliable repeat customers.

The Company’s reputation and engagement in the local community has led to a loyal customer base. Management estimates approximately 85% of revenue is generated from repeat business. Additionally, the Company uses text messages, newspaper advertisements, and social media to reach its customers.

My Client operates from a 12,500 square foot grocery store leased from an unrelated entity with lease expiration in 2022. The facility benefits from its strategic location off a central highway, visibility, and is the largest store in a strip center.

Historically, the Company’s revenue increased from $13,931,000 in 2015 to $14,316,000 in 2017, reflecting a CAGR of 1.4%. Historically, my Client’s revenue has been stable and consistent. For 2018, the Subject’s revenue is projected to increase by 2.7% to $14,700,000, while EBITDA is projected to by $571,000. Management expects slight revenue growth as the Company continues to emphasize broad product availability, customer service, and specialty product availability, all of which factor into a potential customer’s decision. Management has seen an increase in demand in its meat department and expects this trend to continue for the remainder of 2018.

My Client is seeking a financial or strategic acquirer to assist in continuing and accelerating the growth being experienced. Additionally, our Client is amenable to contingent soft structure, retaining equity, and providing transition assistance to new management.

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Don Ho

Business Listed By:
Don Ho

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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