Popular Supermarket with 37 years remaining on lease! $2 million sales

Miami, FL (Miami-Dade County)

Meat Department

Asking Price:$995,000

Cash Flow:N/A

Gross Revenue:$2,000,000

EBITDA:N/A

FF&E:$200,000

Inventory:$150,000*

Established:1982

*not included in asking price.

Popular Supermarket with 37 years remaining on lease! $2 million sales

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Business Description

Popular Supermarket in Miami. Key S.W. location, West of the FL Turnpike. 33 years established (10 year present owner) and 37 years remaining on the present Lease. Approx $2 million annual sales.
Busy take-out and eat-in Cafeteria located right in the center of the most popular mid-sized shopping center. (Anchor Tenant) surrounded by other popular and famous business of the area.
Price range of the homes in the area is $500,000.
Unlimited growth potential due to the unique 37 year lease.
This business could double or triple the price in the years to come.

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Disclaimer: Information has been provided to Broker by Seller, is deemed accurate but not warranted, and is subject to buyer verification.

Detailed Information

Inventory:
Not included in asking price
Employees:
10-12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Sale includes all supermarket and cafeteria trade items, equipment, machinery, fixtures and all applicable business licenses. Leased or third party vendors equipment not included in the sale. Business size approx. 7,000 sq ft. Parking for approx. 80 cars. Attractive and organized merchandise display 33 year established (10 year present owner) Monthly Lease rent is only $6,169 (total) which is a bargain considering that the total square footage of the business is approx. 7,000 sq.ft. Lease term: 38 years remaining (which is also extremely unusual). Listing price recently reduced from $1.2 million to $995,000. Full Service Supermarket with all necessary sales departments such as meat, fish, produce, beer and wine departments among others.
Growth & Expansion:
Expansion possibilities are unlimited. New owner could add the following departments: Check cashing services, payment of utilities, money orders, international money transfer, etc. which will attract hundreds of new customers. Supermarket is located in the West section of Miami Dade County which is expanding at the highest rate in Miami. (Miami has no room to expand Eastward because of the ocean, so it has to expand Westward, where this business is located.)
Support & Training:
Yes
Reason for Selling:
Owners retiring

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Clarisse Carbonell

Business Listed By:
Clarisse Carbonell

Florida Realty of Miami

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