Turn Key Gut Renovated Supermarket For Sale

www.GlobalBX.com

Listing ID: 700285164

Listing Title: Turn Key Gut Renovated Supermarket For Sale

Quick Link: http://www.globalbx.com/listing.asp?bId=285164

Industry: Food and Beverage

Industry Segment: Grocery and Supermarkets

Country: United States

State / Province: New York

Area New York City Area

City: Richmond County

Asking Price Range: $1.0M - $2.5M

Gross Revenues: $5,720,000

Cash Flow: $500,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2010

Number of Employees: 10 - 19

Business Description:
This Turnkey Supermarket was completely Gut Renovated 3 years ago to the tune of $1.5M including All New Fixtures and Refrigeration Units. Weekly gross sales average $110K. Annual profits, inclusive of rebates, come to around $500K. A good hands-on manager should be able to make (at least) another $100K in profits here. The current lease runs for another 18 years (with a 5 year option on top of that) and current rent is $18K/month for 7,000 square feet at street level. Real estate tax is another $5K/mo. 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. Please call 1-877-735-5224 for further information. 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, please call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.



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