Well Known Queens Supermarket for Sale-33346

Not Disclosed, NY
Queens County

Asking Price: Annual Revenue:
$1,300,000 $4,015,000

Food & Beverage: Grocery & Food Stores

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RE: Well Known Queens Supermarket for Sale-33346 Broker: Syed Ahmed
Owner Financing is Available!
$800,000.00 Down & Seller will discuss terms with qualified buyer and proof of funds.

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $4,015,000
Net Profit: Not Disclosed
Cash Flow: $452,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 11
BBN Listing #: 31234447
Broker Reference #: 33346

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Business Overview:

This is a 30 years old famous supermarket in the area. It is positioned at an overly busy road in Queens. Its size is 5,000 square feet with a same size of the basement. Its gross sales a day is over $10,000 ; annually close to over 4 million. Lease is for over 15 years. Each transaction is properly recorded with a sophisticated POS system, and is verifiable. Very well-known in the neighborhood; extremely loyal clientele; doing business on a 50% profit margin. Four partners own it; have developed some serious disagreements within themselves. Now they have come at a stage to sell this great cash cow business. Willing to finance to a qualified buyer. It is once in a life time opportunity to buy and run it. Seller's net cash flow, after deducting all the expenses is over $450,000 a year. Do not miss this great business opportunity. Contact Syed for more information. Proof of funds is a must.A large truck, a large forklift and a small forklift are included in the selling price.

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Reason for Selling:

Disagreement within the partners.

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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