PRICE REDUCED.Farm Market/Grocery.BUSIEST shopping area in Queens.

Queens, NY (Queens County)

Seller Financing Available
PRICE REDUCED.Farm Market/Grocery.BUSIEST shopping area in Queens.
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Asking Price: $495,000

Cash Flow: $285,000

Gross Revenue: $2,750,000

EBITDA: N/A

FF&E: N/A

Inventory: $150,000*

Rent: $13,000 /Month

Established: 2016

*not included in asking price.

PRICE REDUCED.Farm Market/Grocery.BUSIEST shopping area in Queens.

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Business Description

FANTASTIC BARGAIN BUY. Prime Location. 24/7 Foot Traffic. Super Income & Upside.

There is NO BUSIER shopping street in Queens.
Super high foot traffic all day. Store always has customers.
Fantastic lease at LOW rent for the area.
Sales are up over 15% YTD 2018 vs 2017.
Lowest and best quality produce in the area.
Right by the subway and bus stops.
Store is jam packed with produce, flowers and gourmet grocery selection.
New in the neighborhood and growing every month.
Great Net Income and BARGAIN price.
Produce & Grocery managers will stay.
A great owner/operator business with amazing income and upside.
Sign & send the attached NDA for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Location:
Queens, NY
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
12/31/2033
Employees:
6 FT 2 PT
Facilities:
4000 SF store with full basement storage and office. 15 year lease at $13,000/month with 3% annual increases. Real estate taxes included. BRAND NEW renovation. Fully fixtured & equipped.
Competition:
The most competitively priced farm market in the area with great quality. Great selection of ethnic gourmet grocery items. Store is always busy.
Growth & Expansion:
Should introduce gift fruit baskets and fruit platters. Merchandising can be improved.
Financing:
Limited Seller Financing To Qualified Buyer.
Support & Training:
Owner will transition.
Reason for Selling:
Seller is focusing on their larger upstate NY stores.
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Contact the Seller

(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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Demographic Information

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