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Business for Sale Summary

Turnkey Supermarket in Bklyn Neighborhood - 30127

Business Type: delicatessen/catering services,green grocers / fruit sellers,other food stores,best deals!,new to market,supermarket
Turnkey Supermarket in Bklyn Neighborhood
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Financial Information (non-confidential)

General Information
Asking Price $1,200,000 Down Payment $1,200,000
Gross Revenues $4,160,000 Lease Remaining Register Free to View
Owner’s Cash Flow $380,000 Number of FT Employees Register Free to View

Financing

$1,200,000 Down and The seller will finance the inventory for you.

Business Description

This turn-key supermarket was very recently updated with all new shelving and product cases. It was also gut-renovated 12 years ago, when the current owners took over. The sales at this store are driven by its superb deli and the quality of its produce section. It is located in a diverse, ever-gentrifying and safe Brooklyn neighborhood, with plenty of foot traffic. It is in close proximity to public transportation. Weekly gross sales average $80K. Annual profits, inclusive of rebates, come to around $380K. A new hands-on operator-owner should be able to make at least another $100K in profits here. The lease has another 15 years to run, and the current rent is only $14K/month for 7,000 square ft. at street level, and another 7,000 square ft. in the basement. Real estate tax is an additional $2.5K/month. Please be very discreet when visiting this location, as the employees and customers do not know it is for sale. Then, kindly contact listing broker, Jay Goldman, should you have any questions and would like to make an appointment to meet with the owner and get a full tour. Please call 1-877-735-5224 for further information.

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. kg

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.