Note:  All addresses of supermarkets will be released to prospective investors once our Non-Disclosure Agreement is signed, if you interested in investing in any location please follow the invest in location link you will be guided to fill out a short questionnaire, an investment representative will contact you within two business days to email you an NDA for you to e-sign.

Produce Market.$5ML+SALES VERIFIABLE. Lifetime Opportunity.

  • March 18, 2021 10:26 am
  • New York
product
$1,250,000

Overview

  • Revenue : $5,000,000
  • Cash Flow : $680,000

Description

Business Description

SUPER Profitable. 50 Years in Business. You will NEVER find one like this again

Established for over 50 years. Current owner in-place over 30 years.
A neighborhood institution.
7 Day High Foot Traffic Location.
One of the Bronx’s busiest shopping hubs surrounded by service businesses and national chains.
ALWAYS busy.
Unbelievable high visibility super high 7-day foot traffic location, on-route to major subway and bus lines.
Other markets and supermarkets come and go.
Focused on providing the neighborhood fresh, high-quality fruit & vegetables at excellent prices.
Very few businesses generate this high owner income consistently and come to market.
RENT is less than 5% of SALES.

Detailed Information

Location: Bronx, NY

Inventory: Not included in asking price

Real Estate: Leased

Building SF: 3,000

Lease Expiration: 12/31/2031

Employees: 7 FT+6 PT

Facilities: 3,000 SF Store with Full Basement. 10-year lease at $11,330/MONTH with 3% annual increases. Real estate taxes $5,000/MONTH and CAM $10,000/YEAR. Super Large Heavy Duty Walk-in boxes on the store level and basement.

Competition: Limited competition. Highly rated online reviews as “The Place To Shop For Fruit & Vegetables in the Neighborhood”.

Growth & Expansion: Establishing wholesale accounts with the area restaurants and delis. Selling fruit platters and more packaged cut fruit.

Financing: Limited seller financing to qualified buyer

Support & Training: The owner will transition

Reason for Selling: Retiring

Investment Details:

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

Location

Bronx, NY (Bronx County),New York