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Asking Price$800,000
Revenue$4,160,000 Established2006
Cash Flow$380,000 Employees4 full, 8 part
FF&E$500,000* FranchiseNo
Inventory$275,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Gut-renovated 12 years ago when the current owners took over, this turn-key supermarket was recently updated with all new shelving and product cases. It's fair to say that this store is driven by its superb deli, and the selection of perishable goods offered. Located in a very safe, diverse and ever-gentrifying Brooklyn neighborhood, it sees plenty of foot traffic, and is in close proximity to public transportation. Weekly gross sales average $80K. Annual profits, inclusive of rebates, come to around $380K. A good hands-on manager should be able to make, at least, another $100K in profits here. The lease has another 15 years to run, and the current rent is $14K/month for 7,000 square ft. at street level, and another 7,000 square ft. in the basement. Real estate tax is an additional $2.5K/month. Please be very discreet when visiting this location, as the employees and customers do not know it is for sale. Then, kindly contact listing broker Jay Goldman should you have any questions and would like to make an appointment to speak with the owner, and get a full tour. Please call 1-877-735-5224 for further information.
Seller Financing:800,000.00 Down & The seller will finance the inventory for you.
Sale Reason:Other
Ad #102414
Seller Reference #30127
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