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Asking Price$650,000
Revenue$2,296,000 Established1970
Cash Flow$184,000 Employees14 full-time
FF&E$325,000* FranchiseNo
Inventory$175,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful business opportunity to own this long standing profitable supermarket in a highly populated business area of Brooklyn, New York. This fully equipped food market offers all of the necessary food departments to fully service their loyal clientele. The business has a 2016 gross yearly income of $2,296,000 and a verifiable net yearly income of $184,000. The business gross sales consist of 40% produce, 30% grocery and 30% deli. Additionally, the market rents out a portion of the facility to a florist and bakery which represents a yearly rental income of $31,200. They have built a reputation on exceptional customer service, the highest quality fresh foods brought to your table and an unsurpassable commitment to the communities in which they do business. This food service company is located in the Sheep sheds Bay area of Brooklyn, New York as a family-owned business that is well known in the general community. The business is active seven days per week, with hours from 7:00 am to 10:00 pm. This industry does not require government agency approval to purchase. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day retail business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent and dependable investment return to the owner operator prior to business debt service.
Facilities:The business is located on an active commercial area of Kings County, New York on a convenient avenue and close to the subway train systems. This retail facility, which consist of 9,000 square feet has a modern attractive appearance. The business is on an active avenue with many other commercial successful businesses which attract a huge volume of daily workers and shoppers with continued demand for this particular industry.
Competition:To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a very basic marketing system, no web site or delivery and if improved can further develop the business cash flow.
Training/Support:The owner / seller will remain post-closing in order to supply an appropriate transitional period to the new operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner and family is relocating out of the state of New York.
Ad #92898
Seller Reference #FMKT156
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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