Local Grocery / Supermarket in Houston - Established 32 Years!

Houston, TX (Harris County)

Local Grocery / Supermarket in Houston - Established 32 Years!
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Asking Price: Get Financing: $850,000

Cash Flow: $239,743

Gross Revenue: $4,139,847


FF&E: $450,000

Inventory: $270,000

Established: 1984

Local Grocery / Supermarket in Houston - Established 32 Years!

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Business Description

After 32 years operating and managing this great local Supermarket, the owner has decided to retire. The Supermarket is located on the corner of a major intersection with high visibility and accessibility. The store has 22,000sf under roof and 18,000sf of open area. Inside there are 11 sixty-foot long aisles of groceries and merchandise, 5 cash registers and a food court all with a high ceiling above. They offer groceries, fresh vegetable/fruits, frozen/fresh meats, dairy products, wine and beer. They also offer services such as: ATM, Lottery Tickets, Money Orders, and Check-Cashing (which has great growth prospects with buyer focus on this service). Special advertising flyers issued bi-weekly. Sales to Lone-Star cardholders are 30% and other credit cardholders are 36% of gross revenue. The meat market generates 33% of revenue, produce 6% of revenue and other groceries/products 61% of revenue. A very nice restaurant serving Chinese food leases the food court space for $2,000/month from the owner. The new owner can retain this restaurant or change to a new concept for the food court. Camera and alarm system are in place. Repeat customers flock in from the surrounding areas due to the store’s focus on excellent customer service and providing high quality food at reasonable prices. Very clean, organized and well equipped facility with ample parking lot. Profitable business! Excellent location! Good cash flow! Do not miss this great opportunity!!! Employees and public are not aware the business is for sale. It is highly confidential - please be discreet. Asking price includes $270,000 of inventory. Please refer to CBB Listing #7976HP

Attached Documents

Detailed Information

Included in asking price
10ft; 12pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
22,000SF facility in shopping center
Growth & Expansion:
Operate and manage as the current owner has done for the past 32 years. Focus on check cashing.
Support & Training:
Seller will train
Reason for Selling:
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Frank & Rose Stabler

Business Listed By:
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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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