Super 2 Year Old Market - 220k Weekly Gross - Financing in Place

Islip, NY (Suffolk County)

Seller Financing Available
Super 2 Year Old Market - 220k Weekly Gross - Financing in Place
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Asking Price: Get Financing: $3,500,000

Cash Flow: $750,000

Gross Revenue: $11,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $41,000 /Month

Established: 2016

Super 2 Year Old Market - 220k Weekly Gross - Financing in Place

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Business Description

Real Money Maker - Only Need 1mm with Good Credit

Absentee operated supermarket in Suffolk County LI. Only open 1 year with a 1.5mm dollar build out. Everything brand new with all the amenities for a top class supermarket. 23 years left on the lease with 23,000 square feet and plenty of on site parking. With an operator there is no reason this market could not do 300k weekly. Proof of funds needed before any information is revealed to buyers.

Supermarkets are a very unique buying experience. The beginning and most important financial facts that buyer needs to know are the weekly gross sales, rent (to include taxes, insurance etc), years remaining on the lease nad asking price. So there is a rule of thumb regarding asking prices - for every 1k in weekly sales use the multiplier of between 18-23k. If we use the multiplier of 20k and the store does 100k weekly the asking price should be about 2 million dollars. Almost all Supermarkets have a POS register accounting system to verify weekly sales. Inventory is always separate and paid for at closing unless an agreement between the buyer and seller. Most Supermarkets have financing from the “banner” if the buyer has experience and good credit. So check over the stores you are interested in, sign the NDA, see the store location (inside and the neighborhood), meet the owner, make an offer and start making money.

We have over 30 quality Supermarkets for sale in the NY Metro area ranging from 65k weekly to 345k weekly. I also have some that have property available, long leases, low rents, in need of TLC, super locations and undervalued. Please give Eddie (516.218.1191) a call to discuss possible options to buy your first store or add to your present location(s).

Detailed Information

Real Estate:
Leased
Building SF:
23,000
Lease Expiration:
2/13/2041
Employees:
40
Facilities:
Absolutely top build out in all departments. Must see!!!!!
Growth & Expansion:
Only 2 years old and continuing to climb
Financing:
3,000,000
Support & Training:
will train and management in place
Reason for Selling:
Many other business interests
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(from currently available funds)
 
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Gregg Wilson

Business Listed By:
Gregg Satzinger

Progressive Business Brokers

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