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BUSY, BUSY! Neighborhood Farm Market & Gourmet Grocery Store.

  • March 18, 2021 10:30 am
  • New York
New
b6e36d28-7278-4d1e-b8b5-4024fffe1f2a-W768
$650,000

Overview

  • Revenue : $2,500,000
  • Cash Flow : $323,000

Description

Established Farm Market & Gourmet Grocery/Convenience Store.
SEMI-ABSENTEE owner/operator.
Great SHOPPING DESTINATION location on the main shopping street with high traffic.
Exits on and off the LIE move the traffic past the store all day.
Surrounded by apartments, dense residential houses, schools, and colleges, the market is in a retail shopping strip with many service businesses that draw customers from all around the neighborhood.
High quality and great produce prices, a large GOURMET GROCERY selection, flowers, and convenience.
AVERAGE SALE is $25.00
All newer renovation, fully fixtured and equipped.
A great opportunity for an owner/operator to grow the business with an established HIGH NET INCOME base in place.

Detailed Information

Location: Queens, NY

Inventory: Not included in asking price

Real Estate: Leased

Building SF: 3,000

Lease Expiration: 12/31/2035

Employees: 3+Owner PT

Facilities: 3000 SF store with FULL BASEMENT. 15 YEAR lease at $15,000/month with 3% annual increases. Real estate taxes included. All fixtures and equipment upgraded.

Competition: The only farmers market in the immediate neighborhood. Established over 40 years with a solid customer base.

Growth & Expansion: A deli counter can be added. This will generate party platter catering. Adding HIGH MARGIN gift fruit baskets and cut fruit platters will be very popular.

Financing: Limited Seller Financing To Qualified Buyer.

Support & Training: The owner will transition.

Reason for Selling: The owner is focusing on their larger stores. Semi-Absentee operated.

Investment Details:

Purchase shares in this supermarket for as low as $500.

Location

Queens, NY (Queens County),New York