Supermarket on High Traffic Corner - 37386

Financing

$280,000 Down and None.

Business Description

High-traffic corner supermarket located in a prime Queens County location. This established multi-ethnic supermarket sits on a busy corner in a densely populated neighborhood with tremendous foot traffic and is surrounded by residential buildings, schools, subway stations, and bus lines. The store is a busy, community-focused grocery operation offering a strong mix of domestic and international products that drive consistent repeat business. The product mix includes halal meat and fresh fish, fresh fruits and vegetables, dry goods and household staples, as well as Bangladeshi, American, and Spanish groceries, along with specialty international items not typically found in big-box supermarkets. The store serves a loyal and growing customer base in a culturally diverse area.

The business demonstrates proven revenue with monthly gross sales ranging from $60,000 to $80,000 and annual seller’s discretionary earnings of approximately $104,000. The supermarket benefits from a prime high-visibility corner location with heavy daily pedestrian traffic and strong neighborhood demographics. The lease has 10 years remaining, and the rent is $6,753 per month, which is very favorable for the size of the store and the level of traffic it receives. This opportunity is ideal for an owner-operator seeking stable cash flow, a family-run operation, or an experienced grocery or specialty food operator looking to expand.

The seller is seeking a serious and financially qualified buyer with approximately $332,000 in liquid funds for the asking price, a $22,300 rent security deposit, and approximately $30,000 for inventory. The sale is confidential, and all site visits must be discreet. Buyers should not speak with employees or staff, and appointments will be scheduled only after proof of liquid funds is provided. For more information, contact the broker Mel Vaz at 631-767-0157.

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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.