Established Niche Supermarket in Queens Coun-32980

Not Disclosed, NY
Queens County

Asking Price: Annual Revenue:
$235,000 $1,489,000

Food & Beverage: Grocery & Food Stores

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RE: Established Niche Supermarket in Queens Coun-32980 Broker: Melvin L. Vaz

Quick Facts

Asking Price: $235,000
Annual Revenue: $1,489,000
Net Profit: Not Disclosed
Cash Flow: $178,680
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 10
BBN Listing #: 29464447
Broker Reference #: 32980

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Business Overview:

Long Established Niche Supermarket. **Major Price Reduction** This business has become a community landmark. They have a fishmonger and butcher counter along with pre-packaged fresh meats in the open refrigerator section. A multi-tiered stand holds vegetables and herbs. The back holds shelves of sauces, spices and canned goods. The center section has frozen and more refrigerated goods, and still more groceries. In the past year the business grossed approximately $1,489,000.00 with a net cash flow of approximately 12% or $178,680.00. There are 8.5 years left on the current lease, which is triple-net. The rent is approximately $12,000/month with all fees and charges. The space is 3,000 square feet, plus a full basement with freezers and storage. The owners are selling due to a partnership dispute. We are seeking a serious and financially qualified buyer with at least $295,000 in liquid funds to cover the $235,000 asking price and approximately $60,000 in inventory. To learn more, please contact Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only! Please use email reply button of this ad to contact us.

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Reason for Selling:

Partnership Dispute.

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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