Where Quality Meets Freshness:

Business Overview:

This Meat Market and Grocery store was established in 2005 in the central part of Corpus Christi.

After growing the business year over year for 10 years, the seller decided to relocate the business to a growing part of Corpus Christi closer to numerous new neighborhoods. The previous location was housed in a leased 2,700 square foot facility and moved the renamed business to a new building of 4,994 square feet. The seller owns the new facility along with 6 additional rental units in the same strip center. All units are part of the sale. Of the six rental units, 3 have tenants at an average lease of$1,900 per month triple net.

The sales price for this turnkey operation is $850,000 for the business and $3,129,000 for the real estate. The real estate purchase includes the 4,995 square foot building and 6 rental units of 1,012 square feet each, and the common areas of the strip center. Sales in 2023 for this business were $1,112,919 which was an increase of 18% over 2022 sales. This is an asset sale that includes $400,000 in FFE, $600,000 in tenant improvements, and $130,000 in saleable inventory. A drawing of the real estate is available in the Business History of the CIM.

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Property Features and Assets:

New facility with additional rental income included in the sale
o New Equipment with Turnkey Business
o Prime Southside Location
o Proximity to Numerous Neighborhoods
o In Store Fast Food restaurant (Taqueria)
o Fresh Meat and Produce
o Semi-Absentee Managed Business
o Plenty of parking available for clientele
o Mexican products made available
o Established workforce that will transfer with business

Market Competition and Expansion:

Collaborations with Local Businesses: Partnering with other Corpus Christi businesses, such as restaurants, bars, and local breweries.
o Seasonal and Holiday Promotions: Capitalizing on key seasonal events like Halloween, New Year’s Eve, and other local celebrations can draw more patrons and introduce them to this grocery store from other parts of Corpus Christi, the Island, and surrounding cities.
o Expanding Store Offerings: Introducing new product tasting events could appeal to enthusiasts looking for unique experiences. These events could also serve as a great way to build customer loyalty and attract a niche audience.
o Developing a Loyalty Program: Creating a rewards or membership program for regular customers.
Offering perks like exclusive tastings, discounts on special products, or early access to new offerings can enhance customer loyalty and boost sales.
o Expand advertising to the surrounding area: Increase advertising to the island and nearby communities.

Reason for Selling:

Additional Details:

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