Absentee Owned Japanese Grocery Store in Queens

Not Disclosed, NY
Queens County

Asking Price: Annual Revenue:
$180,000 $900,000

Food & Beverage: Grocery & Food Stores

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RE: Absentee Owned Japanese Grocery Store in Queens Broker: Sherry M. Wang
Owner Financing is Available!

Quick Facts

Asking Price: $180,000
Annual Revenue: $900,000
Net Profit: Not Disclosed
Cash Flow: $95,640
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 5
BBN Listing #: 754452376
Broker Reference #: 86471-975959

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Business Overview:

This is a very popular Japanese grocery store in a busy neighborhood in Queens, NY. The shop offers a selection of Japanese food, houseware and cosmetics. The annual sales are about $900,000, owner’s profit is $95.640. The owner is absentee, staff is in position, very easy to manage. Yelp review rate is 4.5 stars. All the inventory is included in the asking price. It’s a great turn-key business opportunity that you don’t want to miss. Seller financing is available for qualified buyers.

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Market Competition and Expansion:

The rent is below the market price. The location is very busy and well-known in the neighborhood. Profitable business for an absentee owner. If the new owner will work there and replace an employee, both the sales and net profit will increase by at least 20%.

Reason for Selling:

Other business interests.

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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