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Newly Renovated Supermarket In Brooklyn For Sale

Brooklyn, New York
Asking Price:
$1,200,000 (USD)
Sales Revenue:
$4,160,000 (USD)
Cash Flow:
$380,000 (USD)

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 $80K. Annual profits, inclusive of rebates, come to around $380K. A new hands-on operator-owner should be able to make at least another $100K in profits here. The lease has another 15 years to run, and the current rent is only $14K/month for 7,000 square ft. at street level, and another 7,000 square ft. in the basement. Real estate tax is an additional $2.5K/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.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

The family that owns this supermarket is channeling its resources into other business interests.

Employees:
12

Other Information

Support & training:

Yes

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

1,200,000.00 Down & The seller will finance the inventory for you.

Furniture / Fixtures value:
$500,000 (USD)
Inventory / Stock value:
$275,000 (USD)

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