Beautiful Supermarket with excellent cash flow located in an extremely busy area in Brooklyn. The supermarket has a long standing loyal customer base with a plethora of repeat customers. They have been in business over 15 years and has had high volume foot traffic since inception accompanied by a fantastic net income.
Designed and built by a local Supermarketeur who has had and currently has numerous wildly successful companies in the Tri-State area. The owner is looking to head into retirement and is finally ready to part ways with one of his crown jewels. This market is another one of his successful and proven business models that is poised to have tremendous cash flow for years to come. This is a turn-key operation with a phenomenal management team in place. A potential buyer can be completely absentee if they wish to be.
The market has an incredible layout that is filled with specialty, fresh and organic foods. It is also equipped with a full meat department as well as a phenomenal bakery. Lunch time is especially busy every single day with its incredible buffet offering. This is truly a must have Supermarket for anyone currently in or looking to get into the Supermarket space.
Total Sales: $8,600,000
Cash Flow: $835,000
FFE: $950,000 (Included in Price)
Inventory: $250,000 (Included in Price)
Reason For Sale:
Owner is looking to retire.
Training & Support:
Owner willing to stay on for 60 days.
Year Established: 2002
Absentee Owner?: Yes
Lease Option: Expires 2028 with 5 year option
Monthly Rent: $51,707
Type of Location: Brick and Mortar Supermarket
Square Footage: 15,000
1st floor of a major residential complex located in the heart of Brooklyn. 6500 sq.ft market with a 4500 sq.ft basement and a 2000 sq/ft mezzanine.