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Listing #CS98208

Listing #CS98208
Raleigh, Wake, NC

<p>Specialty Grocery Store for Sale in Raleigh. This family-run business has been operating for nearly 30 years, specializing in International food from a wide range of ethnic backgrounds including European, Greek, Russian, Ukranian, Persian, and Israeli products. Located in a high-traffic region of the city with good access to a large number of communities, there is potential for continued growth by a new owner. </p><p>Minimal advertising and online presence demonstrates the loyalty of the current customer base and also highlights the untapped opportunities for a buyer.</p><p>Current sales are around 314,000/year with an excellent +40% profit margin. The rent is a fair amount for the area, running about 2,500/month.</p><p>The owner is ready for retirement and is the reason for the sale.</p>



Offered at $125,000

Listing #CS98208
Raleigh, Wake, NC

Specialty Grocery Store for Sale in Raleigh. This family-run business has been operating for nearly 30 years, specializing in International food from a wide range of ethnic backgrounds including European, Greek, Russian, Ukranian, Persian, and Israeli products. Located in a high-traffic region of the city with good access to a large number of communities, there is potential for continued growth by a new owner.

Minimal advertising and online presence demonstrates the loyalty of the current customer base and also highlights the untapped opportunities for a buyer.

Current sales are around 314,000/year with an excellent +40% profit margin. The rent is a fair amount for the area, running about 2,500/month.

The owner is ready for retirement and is the reason for the sale.


Offered at $125,000
Property Details
License Transferable: No
Listing Type: Convenience Store - Grocery Store, Off Four Lane Hwy, City Limits, Shopping Mall Location, Ethnic Grocery
Annual Sales: $314000
Selling Price: $ 125,000.00
Property for Sale: No
Property Included: No
Inventory Included: No
Inventory Amount: 50000
Hours:
Sun 11-6p,
Mon closed,
Tue 10a-7p,
Wed 10a-7p,
Thu 10a-7p,
Fri 10a-7p,
Sat 10a-7p
Franchise: No
Year Business Started: 1994
Security System: Yes
Number of Employees: owner-operated
Area Information:
Key Equipment: see equipment list in package
Number of Cash Registers: 1
Environmental Status: In Compliance
Walk-In Cooler: Yes
Walk-In Freezer: No
Credit Card Fees Paid By: Business Owner
Inside Sales: 314000
Fuel Brand: No Gas
Beer License: Yes
Beer Cave: No
Wine License: Non Fortified Only
Car Wash: No
Inside Profit Margin: 41%
Fuel Owner: No Gas



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