Gourmet super market that caters to the wealth belt
Staten Island, New York
| Asking Price: |
Gross: |
Cash Flow: |
| $1,200,000 |
$3,000,000 |
$202,895 |
Furniture and Fixtures Value:
$245,000 (included in the asking price)
Inventory Value:
$150,000 (included in the asking price)
Business Summary:
LOCATION/ LOCATION is the key here, close to island’s interstate system (entrance and exit). In one of the more affluent areas of Richmond. The 10,000sq ft mini gourmet supermarket has every department found in markets 10x its size, fresh meat/ fish fantastic salad section, prepared food cold/hot. Fresh veggie section plus other condiments found in larger supermarkets. Here the emphasis is gourmet preparations renowned for there quality. The higher end market close t 2 college campuses delivers to most of the island. Lot for 20 cars, sales are biweekly, featuring specials on popular items. Sale items are sold at decent mark-ups. Very larger catering menu from sandwiches/ antipasto trays to roasts. Under Magnosi’s banner all catered items are displayed professionally. After visiting store keep traveling past interstate and see the wealth going up the hill. Located close to two major colleges; easy to obtain help and possibility of picking up additional sales.
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| Year
Business was Established: 2002 |
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| Number of Employees:
25 |
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| Facilities / Terms of Lease:
Parking lot for 20 plus street parking solid 15 year lease. Has all equipment for daily operation that larger markets have. Super delicious and fresh produce department. |
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| Potential
Growth/Expansion:
No advertising- which can be pounded out. Its superiority as far as quality will over come other markets- delivery available. |
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| Competition:
This market except for pricing can go against other larger markets- quality and showing of gourmet items much more superior to other stores.No advertising- which can be pounded out. Its superiority as far as quality will over come other markets- delivery available. |
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| Owner
willing to finance:
Owner wants $700k down and will take note of $500k at a negotiable length of time at 5% |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Personal |
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| REQUEST MORE INFO |
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