Overview

Rare opportunity to acquire a high-volume, well-established supermarket in a dense, high-traffic Brooklyn neighborhood. The business has been operating for 20+ years and is currently absentee-run, making it an attractive opportunity for an experienced, hands-on operator to significantly improve margins and cash flow.

The store operates under a nationally recognized grocery brand, with strong local recognition and consistent customer traffic driven by surrounding residential buildings.

Financial Snapshot (2024)

Annual Revenue: ~$6.3M

Weekly Sales: ~$121K

Cash Flow: ~$400K (semi-absentee)

Gross Margins: ~35%

Inventory: ~$300K (included in price)

Business Highlights

Established 20+ years in Brooklyn

Absentee ownership with store manager in place

Fully staffed (25–30 employees) with department-level management

Large 10,000 SF store + full basement

High visibility, strong foot traffic location

Significant upside through:

Cost restructuring

Hands-on ownership

Adding high-margin departments (no fresh fish, hot food, or lotto currently)

Lease Overview

Rent: ~$35K/month (base + taxes)

Term: 10 years remaining

Lease approvals expected to favor experienced operators

Growth & Upside

Reduce payroll and legacy expense structure

Improve margins with hands-on management

Add high-margin departments currently not offered

Optimize operations in a strong, established market

Reason for Sale

Owner is transitioning out due to operational fatigue in Brooklyn and plans to redeploy capital into a new venture.