Turnkey Organic Food Grocery Store For Sale

Business Overview:

This trendy upscale European Market opened its doors to the Southside of Corpus Christi on July 1, 2024. The founders also manage 2 restaurants in the area and found that they would prefer to stay in the restaurant industry and expand their restaurant presence to the San Antonio market. Their new ventures will be operational within the next 6 months and will be relocating in the near future.

The sales price for this turnkey business opportunity is below market and will sell quickly. Average monthly sales for this grocery store are $70,000 and has an estimated monthly net income of $7,000. This is an asset sale that includes $737,000 in FFE, $150,000 in tenant improvements, and $250,000 in inventory. A delivery truck is available for an additional cost if the buyer is interested.

They supply key restaurants and locals in the area with Costco brand items. The closest Costco brand is a couple hours away in Edinburg, Texas.

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Property Features and Assets:

Monthly Rent: $16,000.00

Square Units (Foot, Meter): 10,000

Lease Expiration Date: March 28, 2029, 12:00:00 AM

Terms Options: 5 - Year Renewal Period

Facilities: Well located ample building on main Corpus Christi road.

FF&E Overview: Provided in CIM

FF&E General Condition: Very Good condition

Market Competition and Expansion:

Competition:

- Distribute Costco Brand in Corpus Christi
- Bright and Inviting Ambiance
- Prime Southside Location
- Proximity to numerous Neighborhoods
- Local Organic and healthy Offering
- Full in store Bakery and Restaurant
- Fresh Meat and Produce
- Absentee Managed Business
- Meat and Produce supplier to local Restaurants
- Plenty of parking available for clientele

Expansion:

- Collaborations with Local Businesses: Partnering with other Corpus Christi businesses, such as restaurants, bars, and local breweries.
- 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.
- Expanding Store Offerings: Introducing cooking classes or new product tasting events could appeal to enthusiasts looking for unique local and organic experiences. These events could also serve as a great way to build customer loyalty and attract a niche audience.
- 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.
- Expand advertising to the surrounding area: Increase advertising to the island and nearby communities.

Reason for Selling:

Additional Details:

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