Supermarket For Sale In Bergen County, NJ-28396

Bergen County, NJ
Bergen County

Asking Price: Annual Revenue:
$159,000 $832,000

Food & Beverage: Grocery & Food Stores

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RE: Supermarket For Sale In Bergen County, NJ-28396 Broker: Melvin L. Vaz

Quick Facts

Asking Price: $159,000
Annual Revenue: $832,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 4
BBN Listing #: 23074447
Broker Reference #: 28396

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Business Overview:

Supermarket - 7,000 sf OPPORTUNITY SALE. This is a perfect opportunity for anyone is the supermarket industry looking for their own place or a current owner seeking a second location. This is turn-key and newly renovated. The current owner is in construction and his goal was to get this store up and running and then sell it. The store is stand-alone with a parking lot for at least 17 cars. The 7,000 sq. ft. includes a 5,000 sq. ft. sales floor and 2,000 st,. ft of storage. There is no basement. The current owner is absentee and has weak management in place. THEY DO NOT OFFER BEER, CIGARETTES, LOTTO or WESTERN UNION! These should be immediate additions. This store must be visited immediately. Currently sales are approx. $16k/wk. with a modest profit, but this is a store that should be grossing closer to $50K/wk. That is possible with an owner/operator. THERE ARE 15 YEARS LEFT ON THE LEASE WITH A RENT OF $6,400/MTH AND ONLY 2% ANNUAL INCREASES. The store needs an owner/operator with supermarket experience.

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Reason for Selling:

Seller cannot be hands on.

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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