Prime Location in North Ann Arbor. Ethnic Grocery Store
Business Description
Established ethnic grocery store in prime North Ann Arbor location offering exceptional growth potential for the right buyer. Operating successfully since 2010, this 2,000 square foot retail operation generates $450,000 in annual revenue with $75,000 in seller's discretionary earnings.
BUSINESS OVERVIEW:
This specialty grocery store serves the diverse Ann Arbor community with ethnic foods and products, maintaining a loyal customer base built over 14 years of continuous operation. The business operates from a well-positioned location with a secure lease through December 2029 at $3,500 monthly rent.
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $450,000
- Cash Flow (SDE): $75,000
- Established customer base with 14-year operating history
- Furniture, fixtures & equipment valued at $75,000
GROWTH OPPORTUNITIES:
Significant expansion potential exists through:
- Development of online sales platform and e-commerce presence
- Implementation of delivery services to capture broader market
- Wholesale distribution to local restaurants and food service establishments
- Enhanced business operations and marketing strategies
The current owner notes substantial room for growth with proper online presence, delivery capabilities, and wholesale partnerships. The ethnic grocery market in Ann Arbor presents opportunities for increased market penetration and revenue expansion.
LOCATION & LEASE:
Prime North Ann Arbor location in Washtenaw County provides excellent visibility and accessibility. Favorable lease terms secured through 2029 offer stability and growth runway.
OWNER SUPPORT:
Seller retiring after successful 14-year operation and willing to provide training as needed to ensure smooth transition.
This turnkey operation represents an excellent opportunity for an entrepreneurial buyer to acquire an established business with proven revenue streams and significant untapped growth potential in the expanding ethnic foods market.
BUSINESS OVERVIEW:
This specialty grocery store serves the diverse Ann Arbor community with ethnic foods and products, maintaining a loyal customer base built over 14 years of continuous operation. The business operates from a well-positioned location with a secure lease through December 2029 at $3,500 monthly rent.
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $450,000
- Cash Flow (SDE): $75,000
- Established customer base with 14-year operating history
- Furniture, fixtures & equipment valued at $75,000
GROWTH OPPORTUNITIES:
Significant expansion potential exists through:
- Development of online sales platform and e-commerce presence
- Implementation of delivery services to capture broader market
- Wholesale distribution to local restaurants and food service establishments
- Enhanced business operations and marketing strategies
The current owner notes substantial room for growth with proper online presence, delivery capabilities, and wholesale partnerships. The ethnic grocery market in Ann Arbor presents opportunities for increased market penetration and revenue expansion.
LOCATION & LEASE:
Prime North Ann Arbor location in Washtenaw County provides excellent visibility and accessibility. Favorable lease terms secured through 2029 offer stability and growth runway.
OWNER SUPPORT:
Seller retiring after successful 14-year operation and willing to provide training as needed to ensure smooth transition.
This turnkey operation represents an excellent opportunity for an entrepreneurial buyer to acquire an established business with proven revenue streams and significant untapped growth potential in the expanding ethnic foods market.
About the Business
- Years in Operation
- 15
- Market Outlook / Competition
- Can grow exponentially with the right owner by getting an online web presence (website and online store), delivery services, wholesale to local restaurants, organization and a business mindset.
- Opportunities for Growth
- Lots of potential
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,000
- Rent
- $3,500.00 per month
- Lease Expiration
- 12/31/2029
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Can train as needed
Listing Info
- ID
- 2413461
- Listing Views
- 46
Listing ID: 2413461 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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