Specialty Food Store in Arkansas—Knockout Opportunity!

This successful business has created a loyal customer base solely on word of mouth.  A wide range of products, including dry goods, fresh produce, meat and frozen foods are attractively displayed in a bright, clean mid-sized store. The store is conveniently located on a major high traffic state highway.  Growth can be enhanced with effective marketing and increasing staff size; currently limited to the owner and his wife.

Asking price of $150,000 is for the business; the store property can also be purchased for an additional $150,000 if desired, or the seller will lease the 2000 sq. ft. building for only $800/month!

The store is located in a beautiful, desirable city in Northwest Arkansas. With an abundance of recreational opportunities surrounding the area, the school district is top-notch and great values can be found in the local housing market.  

Information provided is from Tax Returns
Year:                            	2009                2010           	2011 		2012 P&L YTD*
Gross Revenue         $805,623        $785,877             $723,264                $121,699
Seller’s Discretionary 
Earnings:    	         $ 90,684         $  53,595	          $  16,970	    $  11,056
*2012 P&L thru end of February

The decrease in profitability since 2009 is due primarily to one reason:  Although the sales volume remains excellent; the owner has not raised his prices since 2009, despite steady increases in the price of products.  His retail prices average 15% below competitors.  The current owner has invested in no marketing efforts and the surrounding community has limited knowledge of this specialty food market.  

This business has incredible upside potential!  Asking price is just above the value of assets! Call now.  This is a great deal.  479-770-8989

Assets: 	Equipment		$      50,000  
	 	Inventory 		$      65,000
       		Net total Assets	$    135,000
   
Asking price:            			$    150,000  (Reduced from $200K on 4/15/2012)

For the approved buyer, the Seller will consider owner financing of up to $75,000 of the purchase price!   All reasonable offers will be considered!

Market Outlook & Competition

The owner states that there are about 5 competitors within a 30 mile radius.  The Seller believes he has maintained a competitive edge over these businesses by aggressive pricing.  He states that his prices are the lowest of any Asian store in the area with the result that many customers patronize his store rather than stores closer to their homes.  His attitude has been that the other stores are competing against him more than he is competing against them.  

Growth/Expansion

The Seller believes that the Buyer could improve this business by hiring additional staff.  The product lines currently available are limited by the seller’s time—he has little left to dedicate to these projects. 

Seller Financing

Seller will consider partial owner financing.

Support/Training

4 weeks

Reason for Selling

Relocating to Florida where son is enrolled in college.

Next Steps

Press the Contact Now button to send and inquiry about the listing

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