Grocery/Produce Store for Sale in Queens

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Great business!
Asking Price:
$399,000

Gross Revenue:
$1,000,000
Cash Flow:
$180,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$85,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This store has been established 10-years with a huge potential. The mini-market location is approximately 1,100 sq. ft. with a large basement. The store sells fruits, vegetables, grocery items, sodas & beers, and a lot more! Located only a few minutes from Long Island City, this store is in close proximity to schools, train station, banks and high traffic popular destinations! The store is 24 hours (with booming nighttime business) and new owner can increase business tremendously by adding a deli for hot and cold food as well as grab-and-go items which makes it easier for customers in a hurry to catch the subway train. Also, EBT cards are accepted at this store. The current lease term is below market and expires in 2024. The landlord will provide extended terms to the new buyer. There are four trained employees who are loyal to the store and are willing to stay on with the new owner! Adding Lotto and deli foods can definitely add to higher weekly sales and profits for the owner. The current owner is willing to train. This is the deal of a lifetime!

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Listing Info

ID:
1459920
Ad Detail Views:
544

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$
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Business Listed by

Dave Nagar

CEO Business Brokers Inc.

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U.S. Census Data for Queens, NY
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Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Queens, NY
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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