Newly Renovated Supermarket in Brooklyn - 30127

Not Disclosed, NY
Kings County

Asking Price: Annual Revenue:
$1,200,000 $4,160,000

Food & Beverage: Grocery & Food Stores

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RE: Newly Renovated Supermarket in Brooklyn - 30127 Broker: Jay Goldman
Owner Financing is Available!
$1,200,000.00 Down & The seller will finance the inventory for you.

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $4,160,000
Net Profit: Not Disclosed
Cash Flow: $380,000
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 12
BBN Listing #: 26684447
Broker Reference #: 30127

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Business Overview:

This turn-key supermarket was recently updated with all new shelving and product cases. It was also gut-renovated 12 years ago, when the current owners took over. The sales at this store are driven by its superb deli and the quality of its produce section. It is located in a diverse, ever-gentrifying and safe Brooklyn neighborhood, with plenty of foot traffic. It is in close proximity to public transportation. Weekly gross sales average $80,000. Annual profits, inclusive of rebates, come to around $380,000. A new hands-on operator-owner should be able to make at least another $100,000 in profits here. The lease has another 15 years to run, and the current rent is only $14,000/month for 7,000 square ft. at street level, and another 7,000 square feet in the basement. Real estate tax is an additional $2,500/month. Please be very discreet when visiting this location, as the employees and customers do not know it is for sale. Then, kindly contact listing broker, Jay Goldman, should you have any questions and would like to make an appointment to meet with the owner and get a full tour. Please contact broker or email us for further information.

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Reason for Selling:

The family that owns this supermarket is channeling

Additional Details:

  • The property is owned.
  • The owner is not 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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