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Very Profitable Meat Market & Grocery-Great Cash Flow, Long Lease

Bristol County, MA
listing image
Asking Price:$900,000
Gross Revenue:$1,680,000
Rent:$2,700
FF&E:$150,000
Cash Flow:$350,000
Inventory:$100,000
EBITDA:$275,000
Established Year:2009
Listing ID: 2219569Listing provided by BizBuySell
BUSINESS DESCRIPTION

Super Meat Market with produce and groceries. Great Cash Flow and Lease

This is an excellent and rare opportunity to take over a mature, fully equipped supermarket that carries fresh meat, produce, groceries, dairy, frozen food, etc. It has a complete butcher area. Located in a busy, dynamic neighborhood, the growing Latino community provides additional opportunities to a new owner.
This highly profitable market with excellent cash flow results from fifteen years of continued loyal support from the community for providing fresh and quality products at affordable rates and very low rent and overhead costs. Buyers will discover that this business has well-maintained financial records and tax returns for the buyer’s due diligence and to obtain a bank loan.
The excellent bottom line is without sales of Deli, Beer and Wine, Cigarettes and Tobacco, Lottery, Money transfers, cash checks and pay bills services, or any other service that is not currently offered/provided but could be.
Easy hours: Monday- Sunday from 8 AM to 7 PM.

DETAILED INFORMATION
Location
Bristol County, MA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,500
Lease Expiration
01/03/2038
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
A fully equipped market, including a deli (closed during the pandemic). It has a basement with a walk-in refrigerator and freezer. The building has a rear entrance for deliveries and a ramp. The long-term lease will be until 2038, with the First Right of Refusal to acquire the property, and the terms are excellent: only $2,700/month, which includes water.
Competition
There are other Hispanic Caribbean—ethnic Markets in the city, but this one is the customers’ favorite due to its variety and quality.
Growth & Expansion
Counting that all the equipment is in place, the deli should reopen to use the ingredients/supplies already at the store. New owners should add more profit centers, such as Beer and Wine, Cigarettes and Tobacco, Lottery, Money transfers, cash checks, and bill payment services. A store like this, located in a densely populated neighborhood, should offer these services. The new owner can get more business by opening more hours.
Financing
Excellent financial records and tax returns will help to obtain a commercial loan.
Support & Training
The seller will train the new owner.
Reason for Selling
Focus on other family businesses.
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Javier Castro
Boston Bay Business Brokers
Phone Number
Javier Castro
Call Phone