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Business for Sale Summary

Turnkey Supermarket in Busy Bklyn Neighborhood - 30126

Business Type: delicatessen/catering services,green grocers / fruit sellers,other food stores,best deals!,new to market,supermarket
Turnkey Supermarket in Busy Bklyn Neighborhood
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This business has received 72 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $1,500,000 Down Payment $1,500,000
Gross Revenues $4,940,000 Lease Remaining Register Free to View
Owner’s Cash Flow $400,000 Number of FT Employees Register Free to View

Financing

$1,500,000 Down and The seller is willing to finance the inventory.

Business Description

This turn-key supermarket was completely gut-renovated six years ago, to the tune of $1.5M. It has all new fixtures and refrigeration units. It is located in a densely-populated, diverse and ever-gentrifying neighborhood, within walking distance of one of Brooklyn's major mass transit hubs. Weekly gross sales average $90-100K. Annual profits, inclusive of rebates, come to around $400K. A new hands-on owner-operator should be able to make at least another $100K in profit here. The landlord stands ready to give you a brand new 20-year lease with a base rent of only $12.5K/month for 7,000 square ft. at street level, and another 7,000 square ft. in the basement. Do 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 speak with the owner. 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.