Unique Supermarket for Sale in Steuben County, New York - 37834

Financing

$299,000 Down and

Business Description

This is a rare opportunity to acquire the only full-service supermarket and grocery store in the entire town. The business offers a wide range of products and services, including groceries, convenience items, a full deli, beer, lottery, EBT, cigarettes, U-Haul rentals, gas commissions, ATM, and air/vac services.

The store has historically generated approximately $150,000–$170,000 in monthly sales when beer sales were included. Current monthly sales are approximately $120,000 while the new owner's beer license is still being processed. POS reports are available to support the historical sales figures.

The deli is a major profit center, generating approximately $40,000–$50,000 per month in sales and carrying significantly stronger margins than traditional grocery items. Once the beer license is approved, the business has additional potential to return to its previous sales levels and further increase profitability.

The store operates from 6:00 AM to 9:00 PM and is staffed by three full-time employees, along with additional hourly and part-time employees. Monthly payroll is approximately $25,000, with owner compensation of approximately $4,000 per month.

Operating expenses include rent of $5,500 per month, approximately $1,300–$1,400 per month in electricity, approximately $150 per month in gas, and insurance of approximately $8,500 annually. There is also an optional $400 monthly maintenance payment to the landlord, which can be eliminated if the buyer prefers to handle maintenance directly. Estimated total monthly operating expenses are approximately $37,500.

The business also benefits from several additional revenue streams. Gas commissions generate approximately $2,000–$2,500 per month. U-Haul was recently added and is projected to contribute approximately $2,000 per month. Lottery, EBT, and cigarette sales have also recently been added. Additional income from cigarettes, ATM, air/vac, and EBT is estimated at approximately $3,000 per month in added margin.

The lease provides 5 years remaining plus an additional 5-year option, offering a buyer long-term stability.

Based on approximately $100,000 in grocery and convenience sales at an estimated 30% gross margin, the grocery and convenience portion of the business can generate approximately $30,000 in monthly gross profit. Deli sales of approximately $50,000 per month at an estimated 50% gross margin can contribute approximately $25,000 in additional monthly gross profit.

Combined, the core store operations are estimated to generate approximately $55,000 per month in gross profit. When gas commissions, U-Haul income, and other ancillary revenue streams are included, estimated total monthly gross profit and income contribution is approximately $62,000–$62,500 before factoring in additional lottery income and the upside from future beer sales.

Estimated monthly net cash flow is approximately $15,000–$20,000.

This is a strong opportunity for an owner-operator or experienced supermarket operator looking to acquire an established community business with multiple revenue streams, a profitable deli operation, long-term lease protection, and meaningful upside from the pending beer license and recently added services.

For more info, contact the broker, Sajan Sakhija at 718-864-1983

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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.