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Business for Sale Summary

Grocer for Sale in Queens County, NY - 30550

Business Type: delicatessen/catering services,green grocers / fruit sellers,other eating & drinking places,other food stores,convenience store
Grocer for Sale in Queens County, NY
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Financial Information (non-confidential)

General Information
Asking Price $635,000 Down Payment $500,000
Gross Revenues $1,300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $235,000 Number of FT Employees Register Free to View


$500,000 Down and $135K over 3 yrs. @ 6% for a qualified buyer with good credit.

Business Description

High Vol. Deli,C-Store and Grocery Est. 100 Yrs. This is a landmark business in an affluent area of Northern Queens. There have only been a handful of owners of this business over the past 100 years. In fact, the current owner has been here for over 35 years. He is finally ready to move on to his next opportunity. This is a spacious 2,200 sq. ft. store with a full 2,200 sq. ft. basement. The business offers a full deli, grocery and convenience items. The owner of the business is the landlord and he is willing to offer up to a 25 YEAR LEASE FOR A QUALIFIED BUYER. HE WOULD ALSO INCLUDE A FIRST RIGHT OF REFUSAL ON THE SALE OF THE BUILDING. The rent and lease terms are negotiable depending on the buyer's offer terms. They currently average approx. $25K - $30K per week in sales with gross sales of approx. $1,300,000.00 last year with a net cash flow of approx. $235,000.00. The current owner only works approx. 14 hrs.wk in the store. The business is fully staffed with 5 F/T employees. Payroll is approx. $4,000/wk (OVER $200K/YR.). That can be reduced with an owner /operator or family operator. We are seeking a serious and financially qualified buyer with at least $564K in liquid funds to cover the downpayment and approx. $50K in inventory and $14K in rent security. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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.