International Supermarket in VA

Harrisonburg, VA (Harrisonburg City County)

International Supermarket in VA
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Asking Price: $1,100,000

Cash Flow: N/A

Gross Revenue: $5,257,000

EBITDA: N/A

FF&E: N/A

Inventory: $300,000*

Established: 2014

*not included in asking price.

International Supermarket in VA

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Business Description

Don't Miss Out on This Opportunity!

International Supermarket in one the fasted-growing cities in VA, located near downtown. Store space and selection wise, it's much like Safeway, Giant, etc, with a bit more focus on international food, especially on Latino flavor. It has wide selection of fresh meat, fish, vegetable, dry food items and other general merchandise serving both ordinary and international shoppers. Managers are in place and owners don't spend much time at the store.

SBA loan has been pre-approved based on 2017 tax return for buyers who are qualified with following terms:

Total Price inc. Inventory: $1,500,000

$350,000 Down
$750,000 Loan Amount
Inventory ($400,000)-Financed by Seller

There may be better financing terms since 2018's gross sales is up by more than $415,000 compared to 2017's. Will update when '18 tax return is available.

Only serious inquiries, please! Must execute NDA!!!

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OUR SUCCESS IS OUR ONLY BUSINESS!!! We are an Exclusive Business Brokerage, meaning we only handle Business Listings that are Exclusive to our Company, i.e., we are the only agency from whom you can receive any information of the business you are inquiring. Our assistance is with you every step of the way - through every question and any problems. Please contact us if you are interested in this business. Serious Inquirers Only. Must execute an NDA! Need help with financing to purchase this business? Please ask! We can help. Are you a Business Owner looking for a Business Brokerage company that will truly help you sell your business fast and bring you the right buyer who will pay you the right price? Our database of Buyers is extensive and we may already have a qualified buyer for your business. Contact Us today and let’s talk about what we can do for you! Email: simongtbb@gmailcom Phone: 703-992-3266
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Detailed Information

Inventory:
Not included in asking price
Employees:
20
Facilities:
It is a typical supermarket with over 330,000 sf, clean and well stocked with 5 cashier lines and customer service desk. Current rent is very low-$10,000 /mo. Please ask for other expenses.
Growth & Expansion:
The sales have grown each year - over $400,000 increase in sales each year from 2015 to 2018- and the trend should continue. The business is still in infancy for a supermarket, and aggressive marketing, i.g. frequent food tasting events, etc., will enhance the growth.
Support & Training:
2 weeks
Reason for Selling:
Current owner has another business to run.
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(from currently available funds)
 
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simon so

Business Listed By:
Simon So

GOLDEN TREE BUSINESS BROKERS

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