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Supermarket In Queens For Sale

  • March 18, 2021 8:26 am
  • New York
New
$600,000

Overview

  • Revenue : $1,825,000
  • Cash Flow : $275,000

Description

This is a 30 years old famous supermarket in the area. It is positioned at an overly busy road in Queens. Its size is 5,000 sq. ft. with the same size as the basement. Its gross sales a day is over $5,000; annually close to 2 million. The lease is for over 15 years. Each transaction is properly recorded with a sophisticated POS system and is verifiable. Very well-known in the neighborhood; extremely loyal clientele; doing business on a 50% profit margin. Four partners own it; have developed some serious disagreements within themselves. Now they have come to a stage to sell this great cash cow business. It is once in a lifetime opportunity to buy and run it. Seller’s net cash flow, after deducting all the expenses is over $275,000 a year. Do not miss this great business opportunity.

Business Operation

Reasons for selling: Disagreement within the partners
Employees:  6FT/5PT
Years established: 1990

Other Information

Support & training: Seller will train
Owner financing: Owner financing is available. Please contact the seller for more information.
Financing available: 600,000.00 Down & Seller will discuss terms with qualified buyer and proof of funds
Furniture / Fixtures value: $250,000
Inventory / Stock value: $200,000

Investment Details:

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

Location

Queens, New York, US,New York