Established local Grocery Store specializing in Latin American products. Located in San Francisco, the store has a prime location across from a major store, offering a vast selection of Central and South American goods. The Business has seen consistent sales growth and is projected to surpass $2 million this year. A custom-built customer rewards program encourages loyalty, while strategic partnerships and unique offerings set the store apart.
Opportunities for expansion include broadening the store's range of Latin specialties, enhancing the outdoor display, and investing in new technologies like remote inventory monitoring. The Store serves a diverse customer base in key neighborhoods like the Mission District and Excelsior, with a daily count of 300-450 customers projected for 2024.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: The Company leases a space that includes areas for the Store, an office, and a warehouse for $5,000 per month, plus insurance costs. The facility consists of two offices, two bathrooms, one warehouse, two walk-in refrigerators, and one walk-in freezer.
Competition: Compared to its competitors, the Store has the advantage of being established in the market for a long time and may sometimes offer lower prices due to its larger size and ability to buy in bulk. Additionally, the Store provides a broader selection of Central American products.
Growth & Expansion: The Seller recommends broadening the range of exotic fruits and products to better serve the Latin community.
Financing: TBD if structure and terms are acceptable.
Support & Training: To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed with negotiated terms.
Reason for Selling: His wife, who has been his business partner for many years, is expecting a baby, prompting a shift in their priorities.
