Food Market Nets $600K

Business Overview:

Owner retiring to Florida, offering this wonderful profitable specialty food market opportunity with gross income of $2,961,735 and a net yearly income of $600,437. This retail food market offers a full range of quality foods with a substantial market up to the company. If you are seeking a solid business opportunity with continued growth, view the details of sale. This is a dependable safe business opportunity and based on the price, and yearly net income, this business offers a consistent return on investment to the owner operator or general investor. The 2021 gross yearly income, as represented by the owner is estimated at $2,961,735 and the business has a yearly net income of approximately $600,437 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The following years income is expected to be further improved - similar or greater to the previous year. A formal due diligence is recommended buy broker. The business has been priced at $1,400,000 which is based on a multiple of the average net yearly income, with consideration to the particular business assets. Also, bank and seller financing are available for this transaction and seller financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

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Property Features and Assets:

This business opportunity is in central New Jersey, Monmouth County on a highly active county road. This business facility consists of approximately 3,000 square feet with a modern, attractive, and professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reason for Selling:

Owner retiring.

Additional Details:

Documents:

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