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Business for Sale Summary

Established Niche Supermarket in Queens County, NY - 32980

Business Type: general merchandise store,green grocers / fruit sellers,misc. retail/non-classifiable,must sell/drastic price reduction!,other eating & drinking places,other food stores,supermarket
Established Niche Supermarket in Queens County, NY
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Financial Information (non-confidential)

General Information
Asking Price $175,000 Down Payment $175,000
Gross Revenues $1,489,000 Lease Remaining Register Free to View
Owner’s Cash Flow $178,680 Number of FT Employees Register Free to View

Financing

$175,000 Down and None.

Business Description

Long Established Niche Supermarket. **Major Price Reduction** Currently closed due to Covid 19. This business has become a community landmark. They have a fishmonger and butcher counter along with pre-packaged fresh meats in the open refrigerator section. A multi-tiered stand holds vegetables and herbs. The back holds shelves of sauces, spices and canned goods. The center section has frozen and more refrigerated goods, and still more groceries. In the past year the business grossed approx. $1,489,000.00 with a net cash flow of approx. 12% or $178,680.00. There are 8.5 years left on the current lease, which is triple-net. The rent is approx.. $12K/mth with all fees and charges. The space is 3,000 sq. ft, plus a full basement with freezers and storage. The owners are selling due to a partnership dispute. We are seeking a serious and financially qualified buyer with at least $175K in liquid funds. 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 speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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.