Established Very Profitable Supermarket-Great Cash Flow, Long Lease
Business Description
This is an excellent and rare opportunity to take over a mature, fully equipped supermarket that carries fresh meat, produce, groceries, dairy, frozen food, etc. It has a complete butcher area. Located in a busy, dynamic neighborhood, the growing Latino community provides additional opportunities to a new owner.
This highly profitable market with excellent cash flow results from fifteen years of continued loyal support from the community for providing fresh and quality products at affordable rates and very low rent and overhead costs. Buyers will discover that this business has well-maintained financial records and tax returns for the buyer’s due diligence and to obtain a bank loan.
The excellent bottom line is without sales of Deli, Beer and Wine, Cigarettes and Tobacco, Lottery, Money transfers, cash checks and pay bills services, or any other service that is not currently offered/provided but should be.
Easy hours: Monday- Sunday from 8 AM to 7 PM.
This highly profitable market with excellent cash flow results from fifteen years of continued loyal support from the community for providing fresh and quality products at affordable rates and very low rent and overhead costs. Buyers will discover that this business has well-maintained financial records and tax returns for the buyer’s due diligence and to obtain a bank loan.
The excellent bottom line is without sales of Deli, Beer and Wine, Cigarettes and Tobacco, Lottery, Money transfers, cash checks and pay bills services, or any other service that is not currently offered/provided but should be.
Easy hours: Monday- Sunday from 8 AM to 7 PM.
About the Business
- Years in Operation
- 16
- Employees
- 4
- Facilities & Assets
- Fully equipped market, including deli (which was closed during the pandemic). Basement with walk-in refrigerator and freezer. It has a rear entrance for deliveries and a ramp. Long-term lease until 2038 with First Right of Refusal to acquire the property, and great terms: only $2,700/month which includes water.
- Market Outlook / Competition
- There are other Hispanic – Caribbean – Ethnic Markets in the city, but the variety and quality of this market make it the customers’ favorite.
- Opportunities for Growth
- All the deli equipment is in place, ready to reopen and use the ingredients/supplies already at the store. New owners should add more profit centers, such as Beer and Wine, Cigarettes and Tobacco, Lottery, Money transfers, cash checks, and bill payment services because that lack of services is unusual for a store like this in a densely populated neighborhood. The new owner can open for more hours.
About the Sale
- Seller Motivation
- Focus on other family businesses.
- Transition Support
- The seller will train the new owner.
- Financing Options
- Excellent financial records and tax returns will help to obtain a commercial loan.
Listing Info
- ID
- 2207745
- Listing Views
- 3254
Listing ID: 2207745 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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