Farm Market & Gourmet Grocery. $360K+/Week. MAJOR Income Opportunity.
Business Description
Established in 1997. This giant farmers market has a fantastic selection of ethnic grocery items as well as bargain priced produce.
The store also has a great selection of meat, fish & flowers counters that are rented to independent operators.
The store is located in the fastest growing new residential construction areas in North Bergen, with THOUSANDS of new apartment buildings under construction.
All prospective buyers MUST complete the PFS sent and send POF.
The store also has a great selection of meat, fish & flowers counters that are rented to independent operators.
The store is located in the fastest growing new residential construction areas in North Bergen, with THOUSANDS of new apartment buildings under construction.
All prospective buyers MUST complete the PFS sent and send POF.
About the Business
- Years in Operation
- 28
- Facilities & Assets
- 23,000 SF super store with over 100 parking spaces.
Store has a full basement.
There is an additional 6,000SF of space available.
Sales have been increasing 5% annually.
All equipment is in excellent working order.
Always busy.
The seller will consider an option to purchase the property within 5 years, - Market Outlook / Competition
- The largest farm market in the state.
Built-in customer base from adjacent and surrounding apartment buildings.
Located on the main shopping avenue with heavy foot traffic. - Opportunities for Growth
- Seller does limited advertising and no social media.
Would drive sales with a loyalty program.
The growth of the shopping area and thousands of new residents will create organic growth.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 23,000
- Rent
- $57,000.00 per month
- Lease Expiration
- 12/31/2045
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- There are 4 department managers who will stay and are long term employees.
- Financing Options
- Limited Seller Financing To Qualified Buyer.
Listing Info
- ID
- 2442526
- Listing Views
Attached DocumentsAttachment Disclaimer
Listing ID: 2442526 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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