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This Business has been Sold!
Closing Date: 05/01/2017

Business for Sale Summary

Supermarket - 7,000 sf OPPORTUNITY SALE - 28396

Business Type: absentee business,best deals!,new to market,supermarket
Sold
Supermarket - 7,000 sf OPPORTUNITY SALE
On May 1st 2017, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NJ, NY and RI
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $159,000 Down Payment $159,000
Gross Revenues $832,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$159,000 Down and None.

Business Description

Supermarket - 7,000 sf OPPORTUNITY SALE. This is a perfect opportunity for anyone is the supermarket industry looking for their own place or a current owner seeking a second location. This is turn-key and newly renovated. The current owner is in construction and his goal was to get this store up and running and then sell it. The store is stand-alone with a parking lot for at least 17 cars. The 7,000 sq. ft. includes a 5,000 sq. ft. sales floor and 2,000 st,. ft of storage. There is no basement. The current owner is absentee and has weak management in place. THEY DO NOT OFFER BEER, CIGARETTES, LOTTO or WESTERN UNION! These should be immediate additions. This store must be visited immediately. Currently sales are approx. $16k/wk. with a modest profit, but this is a store that should be grossing closer to $50K/wk. That is possible with an owner/operator. THERE ARE 15 YEARS LEFT ON THE LEASE WITH A RENT OF $6,400/MTH AND ONLY 2% ANNUAL INCREASES. The store needs an owner/operator with supermarket experience. If you fit the bill, please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.