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Posted: Tuesday, September 26, 2017 10:22 AM


Turnkey Fully-Renovated Supermarket

Business Description: Gut-renovated when the current owners took over. Twelve years ago, this turnkey supermarket recently was just updated with all new shelving and product cases. Its
fair to say that this store is deli and perishable goods driven. It is located in a diverse and ever-gentrifying Brooklyn neighborhood with plenty of foot traffic, and in close proximity to public transportation. Weekly gross sales average $80K. Annual profits, inclusive of rebates, come to around $380K.
A good hands-on manager should be able to make at least another $100K in profits here. The current lease has another 15 years to run, and the current rent is $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.
Do be very discreet when visiting this location, as the employees and customers do not know it is for sale. Kindly then 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.

Asking Price: $1,500,000.00

Gross Revenue: $4,160,000.00

Owner's Cash Flow: $380,000.00

Down Payment: $1,500,000.00

For more information, contact Vested Business Brokers at 1(877) 7355224.

We have over 3,700 businesses for sale, many with owner financing. Visit our site today to find the business that's right for you.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.

• Location: Brooklyn, Kings County

• Post ID: 134359627 brooklyn

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