Very Profitable Supermarket & Mixed Use Real Estate with Apartments

Buffalo, NY (Erie County) (Relocatable)

Seller Financing Available
Very Profitable Supermarket & Mixed Use Real Estate with Apartments
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Asking Price: Get Financing: $570,000

Cash Flow: $193,714

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: $105,000

Inventory: $60,000

Real Estate: $175,000

Established: 1977

Very Profitable Supermarket & Mixed Use Real Estate with Apartments

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Business Description

~Full-service supermarket offering groceries, fresh food and own brand products that has been serving their community for over 40 years.

~Offering a full-service meat department and deli, a full line of groceries including money-saving brands, an extensive sub menu along with fresh fruits and vegetables. Non-food offerings include Lotto, tobacco and a delivery service.

~The business is a well-run, very profitable, has a highly-trained staff but also has room to grow which is very easy to identify.

~The commercial mixed use real estate, located in one of the areas up and coming neighborhoods, is included in the asking price but could be leased should the new owner wish.

~This Business & Real Estate Opportunity has been Pre-Approved by Major Lender.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,600
Employees:
3 FT / 5 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Mixed use property with 3,600 SF total. Store occupies 2,100 SF on 1st floor and there are 2 apartments upstairs. The real estate is included in the price but can be leased should the new owner choose not to purchase it.
Competition:
There are few full-service supermarkets like this small-format store. There are a number of convenience stores in the area, but none offer a full line of groceries, self-branded products or delivery. There are a few major grocery stores in the area but none with ease of access and corner store convenience.
Growth & Expansion:
BUSINESS: The business does not open early or stay open late. Expanding the hours of operation would increase the revenue. The demand for prepared food is a strong trend in the industry which the seller is not fully taking advantage of. The business offers some prepared food but there is room to offer much more. The business also does not offer hot beverages, an ATM or catering (again, prepared food), each of which could add to the revenue stream. REAL ESTATE: The real estate is included in the asking price. Its located in one of the area’s up and coming neighborhoods. The new owner could raise the rent of the two-bedroom apartment to a market-based level and begin renting the one-bedroom, also at a market-based rent. Another option includes the new owner using one of the apartments for their own living space. These options would increase cash flow and potentially the market value too.
Financing:
Negotiable
Support & Training:
The seller offers a minimum of 2 weeks of training to provide for a smooth transition.
Reason for Selling:
Retirement
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Contact the Seller

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Dean LoBrutto

Business Listed By:
Dean LoBrutto

Klassen Ingalls

Show Phone Number

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Sponsoring Broker:
Arthur Kaempffe


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