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.
Total Sales: $1,500,000
Cash Flow: $140,000
FFE: $350,000 (Included in Price)
Inventory: $100,000 (Included in Price)
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.
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
Absentee Owner?: Yes
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
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.
Area is booming, sales and bottom line has potential to increase steadily over time!