Listing Number: 76931-927638
Description
This trendy upscale European Market opened its doors to the Southside of Corpus Christi on July 1, 2024. The founders also manage 2 restaurants in the area and found that they would prefer to stay in the restaurant industry and expand their restaurant presence to the San Antonio market. Their new ventures will be operational within the next 6 months and will be relocating in the near future.
The sales price for this turnkey business opportunity is below market and will sell quickly. Average monthly sales for this grocery store are $70,000 and has an estimated monthly net income of $7,000. This is an asset sale that includes $737,000 in FFE, $150,000 in tenant improvements, and $250,000 in inventory. A delivery truck is available for an additional cost if the buyer is interested.
They supply key restaurants and locals in the area with Costco brand items. The closest Costco brand is a couple hours away in Edinburg, Texas.
Listing Details
- Price: $ 700,000
- Down Payment: $500,000
- Sellers Discretionary Earnings: $ 84,000
- Total Sales: $ 840,000
- Location: Nueces County, Texas
- Inventory: $ 250,000
- FF&E: $ 737,000
- Employees: 5
- Year Established: 2024
- Reason for Selling: Relocating
- Category: Food Business Retail
