Listing ID: 81315
You can now purchase the largest Asian Grocery Wholesale/ Distribution and Retail Asian Grocery Market in Reno, NV! Since 2005 the size of this business will blow your mind. You can now own your own enormous retail Asian Market which would be open to the public and you would have your booming Wholesale & Distributing Asian Grocery Export business as well.
The grocery store includes a full kitchen and counter where there had been boba tea and other delicious beverages made on premises, the kitchen is closed now, but you can re-open the kitchen and add that amazing profit center back in!
This business price includes product and equipment values in excess of over $1,100.000.
This is a true import/export/distribution business that has not seen a slow down during Covid.
The retail grocery store is located in a 28,500 sq. ft. building in an extremely busy area with constant traffic.
The wholesale & distributing warehouse location ships from an adjacent building of 18,500.
Seller states that this is the largest Asian Market in Reno and the largest Wholesale/Distribution business of Asian Groceries in Reno.
Included in your purchase will be 4 delivery box trucks, 1 delivery van, 1 fork lift and so much more. To find out the complete list, please click on contact seller for more information, fill out the NDA completely and you’ll receive your Confidential Business Review on this amazing offering.
- Asking Price: $1,900,000
- Cash Flow: $309,925
- Gross Revenue: $7,723,824
- EBITDA: $309,925
- FF&E: $500,000
- Inventory: $600,000
- Inventory Included: Yes
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:47,000
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
28,500 sq. ft. large warehouse that houses a grocery store and storage for the grocery store. The other building of 18,500 sq. ft. is the wholesale, distribution warehouse containing freezers, coolers and much more.
Seller willl train for 30 days.
Seller wishes to retire
Seller states that this is the largest Asian market in Reno that includes a wholesale and distribution Asian grocery business as well.
You can expand this business exponentially by adding more product in the extremely large warehouse and store areas.
The business was founded in 2005, making the business 17 years old.
The sale shall include inventory valued at $600,000, which is included in the suggested price.
The company has 13 employees and resides in a building with disclosed square footage of 47,000 sq ft.
The property is leased by the business for $26,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. Nonetheless, the genuine reason and the one they say to you may be 2 entirely different things. As an example, they may state "I have too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competition, recent decrease in incomes, or a range of other reasons. This is why it is very important that you not count totally on a seller's word, but instead, use the vendor's solution combined with your overall due diligence. This will repaint a much more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses finance loans in order to cover items like inventory, payroll, accounts payable, and so on. Remember that sometimes this can suggest that profit margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new consumers? Most times, companies have repeat consumers, which develop the core of their daily profits. Specific variables such as new competitors sprouting up around the area, roadway building and construction, and staff turnover can affect repeat customers as well as adversely affect future revenues. One essential point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business often, the better the possibility to construct a returning customer base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the regional median house income impact future earnings prospects?