Supermarket In Essex County For Sale

Business description

This 50 year old neighborhood institution is the only grocery store around. Located in Essex County with 3,500 sq. ft. of store space and another 3,500 sq. ft. of basement space, higher than average margins on groceries and a brisk business in lottery, cigarettes, and ice, this is an attractive business. It comes with a 20 year lease and is currently being run absentee. For further information please contact Howard Kupferman below.

Property information

Premises details:

3,500 sq. ft. grocery store with another 3,500 sq. ft. basement in an inner city community. Highly profitable with excellent lottery, cigarette and “ice” revenues. A twenty year lease.

Size in square feet:

3,500 sq. ft. + 3,500 sq. ft. basement

Business Operation

Competition / Market:

Limited

Reasons for selling:

Divestiture

Trading hours:

7 days - 7am-11pm

Employees:

8FT

Years established:

50 years

Other information

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

5% for 5 years

Inventory / Stock value:

$150,000