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Business for Sale Summary

Growing Asian Supermarket - Prime Location in NY - 35939

Business Type: absentee business,misc. retail/non-classifiable,misc. service/non-classifiable,nutrition & health food,other eating & drinking places,other food stores,other personal services,seller financing available,supermarket
Owner Financing
Growing Asian Supermarket - Prime Location in NY
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Financial Information (non-confidential)

General Information
Asking Price $1,300,000 Down Payment $800,000
Gross Revenues $6,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $400,000 Number of FT Employees Register Free to View


$800,000 Down and $500K over 5 yrs. @ 5%

Business Description

Growing Asian Supermarket. Price Reduced! Prime Location in the heart of Queens! 11,000 SF. Operated an on absentee basis, with a full-staff, including management. In fact, there are 8 FT and 4 PT employees, including 2 managers. The current owner is only selling to fund another investment. This market offers everything you can imagine, will all departments, including grocery, meat, seafood, frozen foods, produce and even a pharmacy (which is a sublease). There are 13 years left on the current lease. Sales have been growing year over year. In the past year the business has grossed approx. $6,000,000 with an owner’s cash flow of approx. $400,000.00. An owner-operator can add another $80K to the bottom line of they act as the manager. We are seeking a serious and financially qualified buyer with at least $800K in liquid funds to cover the down payment. The seller is willing to finance roughly $500K of the asking price, an additional $500K of inventory and the rent security deposit, for a well-qualified buyer. Proof of funds will be requested before any meetings or calls with the owner can be made. All site visits must be discreet. Any meetings must be made by appointment only! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.

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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.