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Queens Grocery And Produce Market In Queens For Sale

  • March 18, 2021 8:52 am
  • New York
f827bec5-4b51-4241-9455-d832c3abf5fc
$2,650,000

Overview

  • Revenue : $6,250,000
  • Cash Flow : $1,000,000

Description

60 percent produce, 40 percent grocery
60 percent credit / 40 percent cash
Owner Absentee
Well established community grocery store with 11 years left on its lease
With over 4500 square feet,
This establishment has been operating for over 10 years with the same owners.
The highly populated area creates an opportunity for growth and increased profitability. The previous owner has run this establishment absentee for many years.
The surrounding area is heavily residential and commercial.

Rent/Taxes/CAM: $17,000 per month
2019 Sales $6,000,000
2020 Sales $6,380,000

Property Information

Real Estate: Lease

Investment Details:

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

Location

Queens, New York, US,New York