Very Large & Profitable Supermarket in Bustling Area
Bergen County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $799,000 |
$1,900,000 |
$252,836 |
Furniture and Fixtures Value:
$550,000 (included in the asking price)
Business Summary:
Newly & beautifully-renovated large supermarket on a main thoroughfare in a bustling town. Plenty of free parking in a lot behind the store. Store build out of $600,000 just (18) months back. Owner has other business interests far away from the store prompting the sale. SALES BREAKDOWN: Produce 35%, Grocery 25%, Dairy & Frozen 20%, & Deli & Meat 20%. A new owner should focus more on catering, especially in some neighboring towns. Doing advertising & promotion to the local community, including nearby schools, churches, & temples would be a huge plus. Figures are projected #s for 2016. Owner has a great long term lease including some options. Landlord is willing to provide a similar lease situation to new qualified tenants. Contact Seth Kain @ 201-317-4710 for details & showing.
|
|
| |
|
| |
|
| Year
Business was Established: 18 |
| |
|
| Number of Employees:
8FT, 6PT |
|
| |
|
| Facilities / Terms of Lease:
4,500 sq.ft. with an approximate 1000 sq ft basement. Plenty of parking (free) in a lot behind the store and for other store fronts. Owner “build out” was $600K just 18 months back. “All” Furniture, Fixtures & Equipment are in excellent condition and are included in sale. There’s 8.5 years left on a 0 year lease along with 2 five year options. New tenant should get a similar lease situation if they are credit worthy. |
|
| |
|
| Potential
Growth/Expansion:
A new owner must focus more on increasing its catering business. Doing advertising and promotion to the local community and same neighboring towns to try to increase its catering business would be a huge plus. Catering for some area school and church/temple events would help boost gross sales. |
|
| |
|
| Competition:
This supermarket grosses more than any other of its kind in its town. There are a couple of markets doings similar sales volumes in a couple of neighboring towns. |
|
| |
|
| Owner
willing to finance:
There’s no owner financing at this time |
|
| |
|
| Owner
willing to train:
A minimum of 2 weeks training at no cost to the buyer |
|
| |
|
| Reason for selling:
Owner has other business interests and cannot devote enough time to the business. |
|
|
|
| REQUEST MORE INFO |
 |
|
