Great Opportunity to own an Indian Grocery Store
About this business for saleGreat Opportunity to own an Indian Grocery Store
This Indian grocery store has been successfully run by the current owner for the last 8 years. The owner is now looking to sell the business due to family health conditions. This is an asset sale. The owner does not have any financial data available. However, this is a great opportunity for anyone looking to open a new Indian market. The owner will train the new owner for 2 weeks for 20 hrs per week. The owner will also introduce the new owner to all the suppliers to make smooth transition.
The new owner can also offer Halal meat station, Take out food so there is so much potential for the business. The store also comes with a tobacco license that can be included with the business for sale. The space is about $3500 sq ft. with a very low rent of $3880 per month.
Current Inventory is about $40K and it will be added to the sale price.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.