Business For Sale

Turnkey Gut-Renovated Supermarket For Sale-30129

Not Disclosed, NJ
Morris County


Asking Price: Annual Revenue:
$800,000 $3,380,000

Food & Beverage: Grocery & Food Stores


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RE: Turnkey Gut-Renovated Supermarket For Sale-30129 Broker: Nathan Goldstein

Quick Facts

Asking Price: $800,000
Annual Revenue: $3,380,000
Net Profit: Not Disclosed
Cash Flow: $310,000
Total Debt: Not Disclosed
FF&E: $1,000,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 12
BBN Listing #: 76724447
Broker Reference #: 30129

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Business Overview:

This Turnkey Supermarket was completely Gut Renovated 2 years ago to the tune of $2M including All New Fixtures and Refrigeration Units. Weekly gross sales average $65,000. Annual profits, inclusive of rebates, come to around $310,000. A good hands-on manager should be able to make (at least) another $100,000 in profits here. The current lease runs for another 17 years (with a 5 year option on top of that) and current rent is $16,000/month for 12,000 square feet at street level. Real estate tax is another $5,000/month. Do 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 speak with the owner.

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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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