Turnkey Supermarket in Bklyn Neighborhood - 30127

Kings County, NY

Turnkey Supermarket in Bklyn Neighborhood  - 30127
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Asking Price: Get Financing: $1,200,000

Cash Flow: $380,000

Gross Revenue: $4,160,000

EBITDA: $500,000

FF&E: N/A

Inventory: $275,000*

Established: N/A

*not included in asking price.

Turnkey Supermarket in Bklyn Neighborhood - 30127

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Business Description

Turnkey Supermarket in Bklyn Neighborhood - 30127

This turn-key supermarket was very recently updated with all new shelving and product cases. It was also gut-renovated 12 years ago, when the current owners took over. The sales at this store are driven by its superb deli and the quality of its produce section. It is located in a diverse, ever-gentrifying and safe Brooklyn neighborhood, with plenty of foot traffic. It is in close proximity to public transportation. Weekly gross sales average $80K. Annual profits, inclusive of rebates, come to around $380K. A new hands-on operator-owner should be able to make at least another $100K in profits here. The lease has another 15 years to run, and the current rent is only $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. Please 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 meet with the owner and get a full tour. Please call for further information.

Detailed Information

Inventory:
Not included in asking price
Employees:
12
Support & Training:
Yes
Reason for Selling:
Other
Business Website:
http://www.vestedbb.com
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(from currently available funds)
 
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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