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Supermarket & Property
Location: United States -> New Jersey
Industry: Food and Beverage > Grocery and Supermarkets

Business Summary

Phenomenal supermarket for sale- 7,000 sq. ft. and property. CURRENTLY CLOSED. *OWNER MUST SELL DUE TO A SERIOUS HEALTH ISSUE*. This is a perfect opportunity for anyone in the supermarket industry looking for their own place, or a current owner seeking an additional location. This is turn-key and newly renovated. The current owner spent tremendous time, effort and money to update this location. There is all new refrigeration, lighting and equipment. This supermarket offers a full grocery and produce selection, as well as meat department, deli department and, until recently, delivery service. They have the inventory support of one of the largest supermarket distributors in the country. You must see this business to appreciate it. The owner was forced to close his doors due to recent health condition. The store is stand-alone, with a parking lot for at least 17 cars. They are surrounded by four schools and many apartment complexes.

The 7,000 sq. ft. includes a 5,000 sq.ft. sales floor, and 2,000 sq.ft. of storage. There is no basement. This store has the potential to gross $50k/wk. That is possible with an owner/operator. There are 12 years left on the lease, with a rent of $6,500/month and only 2% annual increases! The store needs an owner/operator with supermarket experience. We are seeking a serious and financially qualified buyer with at least $199K in liquid funds to cover the asking price, plus working capital. The property is available as well for an additional $1.3 million. To learn more, please call Mel Vaz at 1-877-735-5224. ALL SHOWINGS MUST BE DONE BY APPOINTMENT.


Asking Price Range:  < $250K
Gross Revenues:   $11
Cash Flow:   $10
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2011
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Other


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Supermarket & Property Photo 1 Supermarket & Property Photo 2 Supermarket & Property Photo 3

Print Listing Id: 700320954
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