Supermarket
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $750,000 |
$1,339,200 |
$329,000 |
Inventory Value:
$150,000 ( not included in the asking price)
Business Summary:
This 50 year old neighborhood institution is the only grocery store around. Located in Essex County with 3,500 sq. ft. of store space and another 3,500 sq. ft. of basement space, higher than average margins on groceries and a brisk business in lottery, cigarettes, and ice, this is an attractive business. It comes with a 20 year lease and is currently being run absentee. For further information please contact Howard Kupferman at 908-851-9040 Ext. 263.
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| Year
Business was Established: 1961 |
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| Number of Employees:
8FT |
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| Facilities / Terms of Lease:
3,500 sq. ft. grocery store with another 3,500 sq. ft. basement in an inner city community. Highly profitable with excellent lottery, cigarette and “ice” revenues. A twenty year lease. |
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| Competition:
Limited |
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| Owner
willing to finance:
5% for 5 years |
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| Reason for selling:
Divestiture |
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| REQUEST MORE INFO |
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