Established Supermarket in Queens

This thriving supermarket presents an exceptional opportunity in Queens, NY, serving a great and safe neighborhood since 2019. With annual revenue of $2,900,000 and cash flow of $300,000, this business demonstrates strong financial performance in the competitive grocery sector.

Key Business Features:
• 5,000 square feet of retail space plus full basement for additional storage
• Established customer base built over 5+ years of continuous operation
• Prime Queens location in a desirable, safe neighborhood
• Strong revenue performance with healthy profit margins
• Inventory valued at $150,000

Real Estate & Lease Terms:
• Monthly lease rate of $8,600 (taxes included)
• Current lease expires December 18, 2040
• New 15-year lease available to qualified buyer
• Excellent long-term security with extended lease option

Financial Highlights:
• Annual revenue: $2,900,000
• Cash flow (SDE): $300,000
• Revenue multiple of approximately 0.31x asking price
• Strong cash flow margin of over 10%

Growth Potential:
• Lots of untapped potential for expansion
• Full basement provides opportunity for increased inventory or additional revenue streams
• Established neighborhood presence with room for growth
• Strong foundation for new ownership to build upon

The current owner is relocating out of state and will provide support to ensure smooth transition. This turnkey operation offers an excellent entry point into the profitable grocery industry with established systems, loyal customer base, and significant growth opportunities.

Asking Price: $950,000