Queens Grocery - 2.7m Sales - Long Lease

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Asking Price:
$925,000

Gross Revenue:
$2,700,000
Cash Flow:
$325,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

An ideal opportunity for a family run grocery, deli, market, prepared foods, freah meat and homemade delights. This business has been in operation for over 25 years with a solid customer base. The area in very heavily populated with both foot traffic and car traffic. Proof of funds needed for this location.

I have over 30 quality Supermarkets for sale in the NY Metro area ranging from 65k weekly to 345k weekly. I also have some that have property available, long leases, low rents, in need of TLC, super locations and undervalued. Please give me a call to discuss possible options to buy your first store or add to your present location(s).

About the Business

Year Established:
1991
Number of Employees:
23
Real Estate:
Leased
Building Sq. Ft.:
4,500
Lease Rate/Sq. Ft./Yr.:
$144,000.00
Lease Expiration:
2/7/2036
Facilities:
A staple in the community for over 25 years and the building looks great
Market Outlook/
Competition:
One of the busiest roads in Queens
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About the Sale

Reason For Selling:
Many other business interests
Training/Support:
will train
Seller Financing:
250,000

Listing Info

ID:
1476155
Ad Detail Views:
149

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Business Listed by

Gregg Wilson

Progressive Business Brokers - 12-67483

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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