This is an established and profitable Middle Eastern Market & Restaurant with a good reputation. People come to the market from all over for the ethnic and international speciality imported foods. The makeup is 40% This business does about $500,000 per year and the asking price is $550,000.
Cash Flow: $161,073
Gross Revenue: $1,646,018
Inventory: $200,000 (not included in asking price)
Lease Rate: $8,393 / month
Inventory: Not included in asking price
Real Estate: Leased
Building SF: 3,800
Lease Expiration: 4/1/2019
Furniture, Fixtures & Equipment (FF&E): Included in asking price
Financing: $300,000 down - SBA approved for qualified buyers!
Competition: There are similar stores in the area, but none with the same quality & longevity.
Growth & Expansion: Adding a fresh meat section could increase sales dramatically. Current owner does not spend any money or time on marketing
Support & Training: 14 days at minimum of 8 hours per day at no additional cost
Reason for Selling: Other Business Interest