High Volume Halal Mediterranean Grocery Store Business-only in Southaven, MS near Memphis, TN!!
High Volume Halal Mediterranean Grocery Store Business-only in Southaven, MS near Memphis, TN!!
Price: $349,000
Industry: Grocery Stores and Supermarkets
Listing ID: SOUTHAVENGROCERYSTORE349K
Sales are currently averaging $75,000 per month!
Net profit is over $10,000 per month AFTER paying $8,000 in Payroll, rent, and all other expenses! Owner Operator can take home over $16,000 per month!
Rent is $6,112 NNN plus CAM per month with 3 years remaining on the current lease! Rent increases by 3% year-to-year. Landlord is willing to extend the lease for 10 more years!
Water and trash services are included in the lease!
Store Information:
Space is 4,128 sq ft!
The only Halal Mediterranean store in the City of Southaven and DeSoto County, offering a turnkey beautiful concept with no direct competition!
Brand new, full kitchen with a 12-ft hood, pita oven, shawarma machine, and A LOT of restaurant equipment! All equipment is only 3 years old! Most equipment comes with a 5-year warranty!
4.9 Stars on Google!
Two new mosques are opening up just 7 miles away and less than 2 miles away!
Business does ZERO advertising! Not listed on any food delivery apps! Major opportunity for growth through delivery!
There is space to increase the dining area and add 10 to 15 more tables!
There is a large and growing Yemeni community consistently requesting Yemeni products, presenting an untapped opportunity for expansion!
Sellers are selling because the operating partner plans to move back to his home country to run the family business.
Demographic and Geographic Details:
Average Traffic Count of 12,084 vehicles passing by the store each day!
Median Household Income is $69k! Population is increasing by 4%!
Close to Baptist Memorial Hospital! Huge Opportunity to offer catering services to the hospital, outpatient clinics, and companies nearby!
Restaurants like Yakiniku, Olive Garden Italian Restaurant, One & Only BBQ, Naru Japanese Restaurant, El Agave Mexican Restaurants, Juicy Seafood & Bar and Memphis Barbecue Company are all within 5 miles from the store! Zero Mediterranean restaurant competition in the area!
Near many hotels like Comfort Inn, Homewood Suites by Hilton, La Quinta Inn & Suites by Wyndham, Drury Inn & Suites, and Holiday Inn.
Located only 15 min from the Memphis Airport! Memphis is a Fedex Hub so a lot of airline staff stay at the nearby hotels and visit the grocery store and restaurant to eat.
Multiple Amazon warehouses nearby!
Near apartment complexes like Savannah Creek, Plum Point Villages, Oak Hollow Apartments, Avalon at Horn Lake, The DeSoto, Southcrest Lake Apartments, Southpark Gardens Apartments and Legacy at Westwind!
Nearby schools like Magnolia School, Hope Sullivan Elementary School, Greenbrook Elementary School and Sacred Heart School collectively serve over 2,000 students and faculty.
Universities nearby include Northwest Mississippi Community College & University of Mississippi DeSoto campus collectively serve over 34,000 students and faculty!
Asking Price for Business only: $349,000 plus inventory! Inventory is guesstimated to be $50,000 at cost.
Asking Price reflects JUST the Buildout and Equipment Value!
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Gross Revenue: $900,000
Cash flow: $120,000
Monthly Rent: 6112
Square Footage: 4128
Potential Growth:
Two new mosques are opening up just 7 miles away and less than 2 miles away!
Business does ZERO advertising! Not listed on any food delivery apps! Major opportunity for growth through delivery!
There is space to increase the dining area and add 10 to 15 more tables!
There is a large and growing Yemeni community consistently requesting Yemeni products, presenting an untapped opportunity for expansion!