Established Asian Grocery Market-20+ Years in business
Business Description
Profitable Asian grocery market with 24 years of established operations in Clarksville, Tennessee. This specialty food retailer has cultivated a dedicated customer base since 2000 and generates $520,000 in annual revenue with $50,000 in seller's discretionary earnings.
Key Financial Metrics:
- Annual Revenue: $520,000
- Seller's Discretionary Earnings: $50,000
- EBITDA: $37,000
- Inventory Value: $80,000
Facility Details:
The business operates from a well-positioned 2,800 square foot retail space in Montgomery County. Monthly lease obligations are $2,500 with the current lease term running through September 4, 2027.
Market Environment:
This Asian grocery market serves a stable and established customer base throughout the Clarksville area. The surrounding region benefits from ongoing growth including new businesses, medical facilities, and industrial development, which brings additional customers and creates favorable business conditions.
Growth Strategy Options:
The business presents multiple avenues for expansion under new ownership. Opportunities include developing prepared food programs, lunch box services, catering operations, and ready-to-eat meal offerings to serve the expanding workforce and business community. Additional growth potential exists through product line expansion, enhanced local marketing initiatives, and delivery service implementation. The growing local customer base creates opportunities to increase sales through expanded product offerings that address evolving community needs.
Ownership Transition:
The current owner will provide two weeks of training support to ensure seamless business transition. The sale is motivated by personal reasons following over two decades of successful ownership and operation.
This acquisition opportunity offers a cash-generating business with established market presence, proven operational systems, and significant expansion potential in a growing Tennessee market.
Key Financial Metrics:
- Annual Revenue: $520,000
- Seller's Discretionary Earnings: $50,000
- EBITDA: $37,000
- Inventory Value: $80,000
Facility Details:
The business operates from a well-positioned 2,800 square foot retail space in Montgomery County. Monthly lease obligations are $2,500 with the current lease term running through September 4, 2027.
Market Environment:
This Asian grocery market serves a stable and established customer base throughout the Clarksville area. The surrounding region benefits from ongoing growth including new businesses, medical facilities, and industrial development, which brings additional customers and creates favorable business conditions.
Growth Strategy Options:
The business presents multiple avenues for expansion under new ownership. Opportunities include developing prepared food programs, lunch box services, catering operations, and ready-to-eat meal offerings to serve the expanding workforce and business community. Additional growth potential exists through product line expansion, enhanced local marketing initiatives, and delivery service implementation. The growing local customer base creates opportunities to increase sales through expanded product offerings that address evolving community needs.
Ownership Transition:
The current owner will provide two weeks of training support to ensure seamless business transition. The sale is motivated by personal reasons following over two decades of successful ownership and operation.
This acquisition opportunity offers a cash-generating business with established market presence, proven operational systems, and significant expansion potential in a growing Tennessee market.
About the Business
- Years in Operation
- 26
- Employees
- 2 (1 Full-time, 1 Part-time)
Seasonal employees for busy holidays - Facilities & Assets
- •Established Korean & Asian grocery market
•Strong local customer base and established trade area
• Approximately $80,000 in inventory available
•Fully equipped kitchen with three wok stations
•Walk-in Cooler and Walk-in Freezer
•Multiple refrigerators, freezers, and display shelves
•forklift included
•Commercial POS system included - Market Outlook / Competition
- The business operates in a stable and established market with a loyal customer base in the Clarksville area. The surrounding area continues to experience growth, including new businesses, medical facilities, and industrial is bringing additional customers and creating a favorable environment for the business
- Opportunities for Growth
- The business offers several opportunities for future growth. A new owner could expand prepared foods, lunch boxes, catering, and ready-to-eat meals to serve the growing number of workers and businesses in the surrounding area. Expanding the product selection, increasing local marketing, and developing delivery revenue opportunities. The growing local customer base also provides room to increase sales by offering more products and services that meet of needs of the community.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,800
- Rent
- $2,500 per month
- Lease Expiration
- 9/5/2027
About the Sale
- Seller Motivation
- For the personal reasons
- Transition Support
- 2 weeks training
Listing Info
- ID
- 2549546
- Listing Views
- 4
Listing ID: 2549546 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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