Step into a fully stocked, fully equipped international grocery with a 40% gross margin, low rent and no payroll, in one of West Michigan's best-known international shopping destinations.
This owner-operated specialty market serves the fast-growing South Asian, Middle Eastern and international communities of greater Grand Rapids. Shelves are stocked with imported dry goods, rice, lentils, spices, teas and pantry staples, alongside fresh produce, meat, refrigerated and frozen foods, and ice cream. The store also offers specialty retail most grocers don't, including jewelry, rugs, shoes and in-house tailoring and sewing services, giving customers more reasons to visit and spend.
The numbers speak for themselves. In its first 204 days under current ownership, the store generated $255,550 in reported sales and an estimated $67,554 in net profit, averaging about $1,334 in sales per day through mid-September. Annualized, that is approximately $457,000 in revenue and $120,900 in Seller's Discretionary Earnings. Because the P&L carries no payroll, all of that profit is available to the owner-operator.
The store is truly turnkey. A buyer gets a walk-in cooler, cooler display cases for selling food, four refrigerators, two commercial freezers, two ice cream freezers and three meat-cutting machines, plus about ten commercial shelving units, produce displays, counters and specialty fixtures. The space also has a kitchen area, three sinks, a ventilation setup and propane gas tank availability, which provide the infrastructure for prepared foods, catering or a full butcher counter.
There is also a clear, built-in upside. The business does not currently hold a liquor license, but extra cooler space is already in place for a new owner who wants to add beer and wine, one of the highest-margin, highest-frequency categories in neighborhood grocery.
This is an ideal opportunity for an owner-operator, a family business, or an existing grocer looking to add a second location with immediate cash flow.
Financial Information
$330,000
Asking Price
$120,869
Cash Flow
$457,000
Gross Revenue
N/A
Down Payment
N/A
Adjusted EBITDA
Business Location
City:
Grand Rapids
State:Michigan
Reason for Sale
Other Business Ventures
Detailed information
Year Established:2020
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 2
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:20
Inventory Included: Yes
Inventory Value:
$80,000
Monthly Rent:
$2,404
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 3500
FF&E Included?: Yes
FF&E Value: $30,000
Training/Support
Smooth Transition timeline available
Facilities
Walk-in cooler 1
Cooler display cases for food 2
Refrigerators 4
Large commercial freezers 2
Ice cream freezers 2
Meat-cutting machines 3
Sewing machines (tailoring) 3
Long commercial shelving units Approx. 10
Long counter tables (incl. jewelry display) 3
Rug display tables 2
Shoe display units 2
Produce / vegetable display units 2
Extra cooler space (suitable for beer and wine) Available
Additional shelving, counters, displays and fixtures Throughout store
Real Estate Description
The store sits in a long-established international retail district on the southeast side of Grand Rapids, at the border of Kentwood. The district is a regional destination where shoppers come specifically to find South Asian, Middle Eastern, East African and Southeast Asian groceries and restaurants. That clustering drives repeat trips and cross-traffic among neighboring merchants.
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