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Eqyptian Grocery & Deli
This is a leading Egyptian & Middle Eastern grocery store & Deli providing a diverse range of quality fresh food, grocery goods, and household products at affordable prices. Product lines include:fruits & vegetables, cheese, dairy & eggs, beverages, snacks, meat & poultry, beauty & personal care products, household & cleaning products, and hookah supplies. The deli & deli products account for approximately 60% of total sales. This store is located near a large Egyptian-Christian church which ensures a large volume of weekend business. Customers come from all over the Houston Metro area to obtain the unique Middle Eastern products not available in other stores. The owner is retiring and willing to provide Seller Financing.
Listed By: Jeffrey Jones
Background information
Reference:
82533
Year established:
Esbablished in 2000 and acquied by present owner in 2022.
Reason selling:
Semi-Retirement
Finance
Sales:
$420,000
Profits:
$121,000
Profit type:
Discretionary Earnings
Operations
Employees:
Owner & 2 employees
Equipment:
Equipment includes store shelving, counters, and beverage deli coolers.
Inventory:
$120,000
Premises
Facility:
The facilities include an open floor space with racks full of inventory and a deli kitchen.
Square footage:
2,000
Rent and lease terms:
$3,900 gross per month. There is a 5 year lease with option to renew.
Location:
Northwest Houston
Price and terms
Price:
$300,000
Down payment:
$150,000
Financing:
$150,000 cash down & Seller Note for $150,000 payable over 5 yrs. @ 6% interest = $2,899.92 P/M.
Training:
As needed