UNDER CONTRACT!!! Highly Profitable Grocery Store in Plano

Plano, TX (Collin County)

Seller Financing Available
Grocery Store
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Asking Price: $649,000

Cash Flow: $293,268

Gross Revenue: $1,172,583

EBITDA: N/A

FF&E: $350,000

Inventory: $150,000*

Rent: $8,947 /Month

Established: 2017

*not included in asking price.

UNDER CONTRACT!!! Highly Profitable Grocery Store in Plano

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Business Description

This is a large and upscale grocery and organic fresh food store ideally located in the affluent city of Plano. This market has fresh produce, meat & poultry, bakery, dairy, nuts & dry fruits, international foods, and general grocery departments. This grocery store offers organic, non-GMO locally grown fresh produce. The meat selection includes Black Angus beef, lamb, goat and chicken from local farms that are fed non-GMO vegetarian diet with no antibiotics.

This business started its operations in December 2017. The sales have been consistently increasing from day one. The business is currently generating a very healthy profit on a monthly basis. The current owner has to relocate overseas to run his family business there. The seller would like to hand over this business to an energetic buyer who can continue the success of this fresh food market.

This business has been pre-approved for an SBA loan by a national bank for qualified buyers.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
8,947
Lease Expiration:
5/31/2022
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The current owner spent ~ $700K on state-of-the-art build-out, furniture and equipment to establish this profitable business. The present location is nicely built with 8947 sq. ft. and a monthly rent of $8947 (includes NNN). There is a 5-year option after the current lease expires in May 2022.
Competition:
Grocery business is highly competitive and recent trends towards organic, non-GMO foods put this store in a sweet spot of the grocery market. Increasing sales and profits are a clear testimonial to the success of this business.
Growth & Expansion:
Current owner has not done much marketing in the first year of its operation. A new owner can easily double or triple the revenue by adding foods for specific ethnic communities and more targeted marketing campaign. The current location has enough room to add a small café and an eat-in area.
Financing:
150000.00
Support & Training:
2 weeks at no charge
Reason for Selling:
Relocating overseas
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(from currently available funds)
 
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Saleem Marwat, MBA

Business Listed By:
Saleem Marwat

Transworld Business Advisors

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