Asian Seafood Market
Location North Carolina,United States
Asking Price Range < $250K
Gross Revenues $600000
Net Profit / Cash Flow $40000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1998
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Training Yes.
Reason for Sale Contrate on other business.
Description Asian Seafood Market for sale in Charlotte Metro Area, North Carolina.
Asking: $100,000 plus inventory.
Type: Retail Established Business.
Gross: $650,000.
FF&E: (Included in the asking price).
This Asian Seafood Market is located on a busy Charlotte street in major retail areas. With good growth potential for an owner/operator that caters to the Asian and Hispanic communities along with Charlotte Country Club areas. The facility with approximately 3,700 SF. is a former fast food restaurant and has great visibility and generous parking. The renewal lease option runs through 2009 and is assumable by a qualified buyer and also seller will provide appropriate training as part of the sale.
This Asian seafood market sells fresh fish of all types to both restaurant/commercial businesses and to the general public. The seafood is brought in fresh several times a week from coastal distributors and is presented on ice by type and grade. Fish cutting and prep services are provided, and the store also has deep frying capacity for specific individual take-out orders. In addition, the store has a general ''supermarket'' component as it offers a number of Asian canned and boxed grocery products. The sellers has been an absentee owners since they bought the seafood market over two years ago, and they are selling this retail business at this time because they want to concentrate on their main core business. The store has good sales volume and has grown steadily since its opening seven years ago. This is a perfect situation for a husband/wife team, particularly one with an Asian or international background. A husband/wife team could significantly increase the cash flow which assumes an individual owner/operator. Contact Philip Maung for more information on this Asian Seafood Market business for sale.
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