Established Grocery Store - 29521

Passaic County, NJ
Passaic County

Asking Price: Annual Revenue:
$49,999 $150,000

Food & Beverage: Grocery & Food Stores

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RE: Established Grocery Store - 29521 Broker: Nathan Goldstein

Quick Facts

Asking Price: $49,999
Annual Revenue: $150,000
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $8,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 58604447
Broker Reference #: Not Disclosed

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Business Overview:

A grocery store in Passaic County has just come on the market and this one is as good as it gets. You can buy this business for next to nothing and immediately increase its revenues and profits three-fold. The seller has owned this business for the last 5 of its 30 year history and sometime in the last 5 years, he developed an interest in another business and he stopped caring about the grocery. He cut its hours in half- opens each day about 3:30 pm; the shelves are not fully stocked and he takes no debit or EBT card. And so, sales and profits are down two-thirds. It is a neighborhood grocery assuring the return of neighbor-hood customers. The rent is extremely low, it is compact in size and easy to run. Ideal for a Bargain Hunter. Please contact the broker or email us for further information.

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Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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