Halal Meat & South Asian Grocery Store
Halal Meat & South Asian Grocery Store
Halal Meat & South Asian Grocery Store
Halal Meat & South Asian Grocery Store
Halal Meat & South Asian Grocery Store

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Halal Meat & South Asian Grocery Store

RetailersBinghamton, United StatesVerified

Deal information

5 peopleEst. 2020Retailers
Asking price
$151.2KUSD
Revenue
$560K
Profit
$36K
Multiple
4.2x

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Description

Halal-certified specialty grocery and butcher shop in Binghamton, NY, offering fresh halal meats (beef, lamb, goat, chicken) alongside a full range of South Asian grocery items, spices, and frozen foods. Also provides international remittance services. Established 2020 with 5 employees and strong community loyalty.

Products & services

Primary Revenue Streams:

1. Fresh Halal Meat Sales — Hand-cut, Zabiha-certified beef, lamb, goat, veal, and chicken. Custom cuts available (bone-in, boneless, grind). This is the core revenue driver and the biggest footfall generator.

2. South Asian Grocery Retail — Full range of Desi grocery items including spices, lentils, rice, flour, cooking oils, frozen foods, snacks, and specialty ingredients from Pakistan, India, and Bangladesh. Round-the-year staples plus seasonal / festival items.

3. International Remittance Services — Money transfer services to Pakistan, India, and Bangladesh. Serves as a convenience draw for the store's core demographic and generates a steady service-fee margin.

Pricing Model: Retail counter sales (cash, card, Venmo, PayPal, Cash App). No delivery — walk-in and phone-ahead pickup only.

Customers & market

Customer Base: Predominantly Pakistani, Indian, Bangladeshi, and broader Muslim community in Broome County and the Greater Binghamton area. The store is one of very few halal-certified butchers in the region, giving it a natural geographic moat.

Market Positioning: Niche ethnic grocery and halal butcher — serves an underserved market with limited direct competition. Located on Main Street in downtown Binghamton with high walk-in visibility. Listed on Zabihah, HalalX, Mustakshif, and other halal food directories, driving inbound discovery.

Customer Loyalty: Strong repeat-customer base supported by community word-of-mouth and social media presence in local Muslim community groups. Remittance services increase visit frequency beyond just grocery runs.

Concentration Risk: Heavily dependent on the local South Asian / Muslim demographic. Expanding product range or adding online ordering could broaden appeal.

Operations & team

Team: 5 employees including butcher/meat handlers and retail staff. Owner-operator manages purchasing, supplier relationships, and day-to-day operations.

Location: Single retail storefront at 104 Main Street, Binghamton, NY 13905. Street-level presence on a main downtown corridor with parking nearby.

Suppliers: Halal meat sourced through certified supply chains; South Asian grocery inventory sourced from regional wholesalers and direct imports.

Operations: Walk-in retail model — no delivery or e-commerce channel currently. Customers can call ahead for custom meat cuts. Store handles its own remittance processing through established money-transfer partnerships.

Compliance: Registered with the New York State Department of Agriculture and Markets as a certified halal establishment. Incorporated as a C-Corporation (NY DOS ID 5780351) since July 2020.

Growth opportunities

Quick Wins:

1. Online Ordering & Pickup — Add a simple website or app for pre-orders, reducing wait times and capturing younger / tech-savvy customers. Nearby competitor A1 Halal Meat already runs an online pickup model.

2. Extended Product Range — Add prepared foods, hot food counter, or frozen meal kits for busy professionals — high-margin categories that complement existing foot traffic.

3. Delivery Partnership — Partner with local delivery services or launch an in-house route for regular customers within a 5-mile radius.

Bigger Plays:

4. Wholesale / Restaurant Supply — Supply halal meat to local restaurants, food trucks, and caterers in the Binghamton–Vestal corridor.

5. Second Location — Replicate the model in adjacent upstate NY cities with similar demographics (Syracuse, Rochester, Utica).

6. E-Commerce for Dry Goods — Ship non-perishable Desi groceries and spice kits statewide via Shopify or marketplace channels.

Revenue and earnings by year

What the seller filed for each closed financial year, plus a trend for next year worked out from those years. The full accounts and the line-by-line detail sit behind an enquiry.

RevenueEBITDA
Financial yearRevenueEBITDA
FY2024$560,000$54,000

Valuation

The seller's own method comes first. The other tabs read the same figures a different way — only methods the seller's figures can actually answer are shown.

EBITDA multiple

Seller's method

$151,200

EBITDA $54K × 2.80

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Asking price

$151.2KUSD

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