This is a rare opportunity to acquire an exceptional Hispanic Supermarket business with fresh Meat department, Produce department, restaurant, deli, bakery and a full range of other grocery items in Kennesaw, GA.
The store has been an iconic place in the neighborhood for a long period (over 15 years). It has been a consistently-money- making for a very long time and has the potential of making a lot more with the right ownership, especially an owner-operator or a small family. The current owner lost the use of the EBT for few months last year which resulted in a drastic decline in revenues, since then, and with the EBT back in place, sales are coming back up gradually, historically the store did over 150k a month in sales and will gain the sales again with time.
Current monthly revenues: (based on the last six months):
Gross Revenue: $84,291
Gross Profit:(35%) $37,930
Rent: $4,441
Payroll: $11,500
Utilities: $3,500
Taxes and licenses: $1,500
Almost no competition and business has established a solid reputation among the regular customers – 4+ stars on Google reviews, for, among others, providing plenty of fresh meat and produces at reasonable prices. It is well known in the community for its selection of quality fresh meats, authentic Mexican groceries, and bakery other American favorites. Additionally, this business offers a Mexican restaurant within the same building. Long-term supplier relationships are currently in place to include the primary grocery supplier and local suppliers. This possible acquisition is an excellent fit for an existing independent grocery store/supermarket looking to expand its footprint to the Kennesaw market or an individual who has had several years of grocery store/supermarket general manager/store manager experience. No information will be given or shared without proof of funds; the seller is willing to meet in person to go over all questions and answers and to explain the operation in person. Due diligence period of 5/7 days to any potential buyer to spend a few days at the business and confirm all financials.