Business Summary

Financials
Asking: $250,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $80,000
NOT Included in the Asking Price:
Inventory: $60,000

Gross: $1,000,000
Cash Flow: $150,000

Summary Description
This is a well established grocery with a full line of middle-eastern and international food products serving this highly multicultural part of Cambridge/Somerville and surrounding area. The size of the store is approximately 2500 s.f with a large basement storage area. The current owner open the store in 2005. There is parking available to customers and also other parking in near by shopping center. The hours are 10 am- 9pm Monday- Friday, and 9am-9pm Saturday and Sunday. The owner and wife with 3 others operate this business. The payroll for the employees is approximately $52,000/yr, rent $40,000 electric $15,000, insurance $1000, rubbish $1800, c.c $6000 phone $800 The cash flow is before owner's wages.

General Information
Year Established: 2005
Employees: 4

Market Outlook
Competition: This store has the largest selection of products in the area.

Growth and Expansion: There is additional space that the currently owner is not utilizing. The store does not currently have lottery.

About the Sale
Financing: some financing could be available
Support/Training: Will train in management and daily operation
Reason Selling: Relocating

Property Details