Extremely Successful Turn-Key Supermarket with Incredible Growth Potential!

Price: $550,000

Location: Bergen County


Listing Description

Beautiful Supermarket with excellent cash flow located in an extremely busy area in Bergen County. The supermarket has a fantastic loyal customer base with a plethora of repeat customers. They have been in business for 4 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.

Listing Details

Total Sales: $1,500,000

Cash Flow: $140,000

FFE: $350,000 (Included in Price)

Inventory: $75,000

Reason For Sale:

Owner is looking to retire. One of many businesses in his portfolio.

Training & Support:

Owner is willing to stay on for 60 days.

Operation

Year Established: 2014

Days & Hours of Operation: Friday 10AM–7PM Saturday 10AM–7PM Sunday 10AM–6PM Monday 10AM–7PM Tuesday 10AM–7PM Wednesday 10AM–7PM Thursday 10AM–7PM

Owner Hours Per Week: 10

Employees: 8

Managers: 1

Absentee Owner?: Yes

Location

Security on Lease: $34,500

Lease Option: 2034 option every 5 years

Monthly Rent: 11,500

Type of Location: Brick and Mortar Supermarket

Square Footage: 5500

Facilities Information:

Beautiful free standing building located on an extremely busy main road in Bergen County. 4500 sqft store with 1000 sqft basement. 65 shared parking spaces.

Summary

Potential Growth:

Area is booming, sales and bottom line has potential to increase steadily over time!