Oriental Supermarket for Sale

Sarasota, FL (Sarasota County)

Oriental Supermarket for Sale
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Asking Price: $88,000

Cash Flow: N/A

Gross Revenue: $350,000

EBITDA: N/A

FF&E: $48,000

Inventory: $50,000

Rent: $3,186 /Month

Established: 2008

Oriental Supermarket for Sale

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Business Description

Established Oriental Supermarket

*This business opportunity for sale is a good size grocery market located in downtown Sarasota, Florida . Well established surrounded by middle class to high end residential,condos, hotels, businesses and colleges.

* The store size is about 3800 sq.ft and has been established in this location for more than 10 years.

* The market for sale has ample parking areas and located on busy road of 301 near
Sarasota downtown. Prime location on major road in shopping plaza .The area is booming.

* This supermarket sells imported Asian grocery products, bakery, produce, meat, seafood, frozen food, cigarette, beer & wine, beverages, oriental gifts, kitchen utensils and other convenience store items.

*The store has cigarette, liquor license.

* 50% Inventories are included in the sale price . Buyer needs to pay 50% of it ( Inventory worth between$45,000 -55,000)

* Asian supermarket has better mark-up profit margin than convenience stores.

* Additional income from catering, cooking class, lottery, international money transfer, cash back service, phone cards and shipping service. Asian grocery online store is available (optional)

* The business has good size walk-in cooler with good space for storage of produce, meat and seafood .

* Big and large street signage. Lots of passed by walk in customers and repeat loyal customers.
Great Road and Sign Exposer - Plenty of parking, great residential area with above average income. Very clean inside and out, 3,800 square feet with large walk-in cool (see picture above) . The rent is right at $3,186 monthly and "INCLUDES" your water and trash with options to re-new lease long term.

*May qualify for EB-5 Immigrant Investor Program or EB-2 Immigrant Visa

Detailed Information

Location:
Sarasota, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,800
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Asking price included all equipment and fixtures to operate store
Growth & Expansion:
: Expansion possibilities are unlimited. New owner could add the following departments:- 1) Wholesale to restaurants/ hotels. New owner may expand to deliver grocery/produce and etc door to door to businesses will add more sales income. 2) Adding Indian and Middle East groceries and frozen food because this county has no such grocery market. 3) Adding farmers market because lots of snowbirds during winter season. 4) Adding fish tanks with all kinds of live seafood. There is none in the entire county.
Support & Training:
Seller has over twenty (20) years of experience and knowledge in the food market business. She will provide training for up to 2- 3 weeks to ensure a smooth transition for new owner.
Reason for Selling:
Semi retired
Business Website:
http://www.facebook.com/vungtaumarket
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Business Listed By:
VANESSA LAM

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