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Business for Sale Summary

Well Known Queens Supermarket for Sale - 33346

Business Type: seller financing available,supermarket
Owner Financing
Well Known Queens Supermarket for Sale
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Financial Information (non-confidential)

General Information
Asking Price $1,300,000 Down Payment $800,000
Gross Revenues $4,015,000 Lease Remaining Register Free to View
Owner’s Cash Flow $452,000 Number of FT Employees Register Free to View

Financing

$800,000 Down and Seller will discuss terms with qualified buyer and proof of funds

Business Description

This is a 30 years old famous supermarket in the area. It is positioned at an overly busy road in Queens. Its size is 5,000 sq. ft. with a same size of the basement. Its gross sales a day is over $10,000 ; annually close to over 4 million. Lease is for over 15 years. Each transaction is properly recorded with a sophisticated POS system, and is verifiable. Very well-known in the neighborhood; extremely loyal clientele; doing business on a 50% profit margin. Four partners own it; have developed some serious disagreements within themselves. Now they have come at a stage to sell this great cash cow business. Willing to finance to a qualified buyer. It is once in a life time opportunity to buy and run it. Seller's net cash flow, after deducting all the expenses is over $450,000 a year. Do not miss this great business opportunity. Call Syed at 877-735-5224 for more information. Proof of funds is a must. A large truck, a large forklift and a small forklift are included in the selling price.

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.