Turnkey Supermarket in Busy Kings County Neighborhood - 30126

Kings County, NY

Seller Financing Available
Turnkey Supermarket in Busy Kings County Neighborhood  - 30126
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Asking Price: $1,500,000

Cash Flow: $400,000

Gross Revenue: $4,940,000

EBITDA: N/A

FF&E: $500,000

Inventory: $175,000*

Established: N/A

*not included in asking price.

Turnkey Supermarket in Busy Kings County Neighborhood - 30126

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Business Description

This turn-key supermarket was completely gut-renovated six years ago, to the tune of $1.5M. It has all new fixtures and refrigeration units. It is located in a densely-populated, diverse and ever-gentrifying neighborhood, within walking distance of one of Brooklyn's major mass transit hubs. Weekly gross sales average $90-100K. Annual profits, inclusive of rebates, come to around $400K. A new hands-on owner-operator should be able to make at least another $100K in profit here. The landlord stands ready to give you a brand new 20-year lease with a base rent of only $12.5K/month for 7,000 square ft. at street level, and another 7,000 square ft. in the basement. Do 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 speak with the owner. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Detailed Information

Inventory:
Not included in asking price
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
1,500,000.00 Down & The seller is willing to finance the inventory.
Support & Training:
yes
Reason for Selling:
The family that owns this supermarket is channeling its resources into other bus
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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