Hot Listing
Bankruptcy Sale of Williamsburg Supermarket
Business Description
Under Market Lease
This is a rare chance to step into a high-volume, established supermarket with continued growth potential. Located in the highly desirable Williamsburg section of Brooklyn, NY, this full-service market features every department a modern shopper needs: bakery, produce, meat, seafood, cheese, deli, dairy, and grocery. Gross sales in 2024 exceeded $8mm. Significant equipment value also included in sale. This is a turnkey opportunity with all systems in place.
About the Business
- Years in Operation
- 12
- Number of Employees
- 50
- Facilities & Assets
- Ideally located on the NE Corner of Broadway and Kent Avenue in the Williamsburg section of Brooklyn, NY. +/-21,000 total SF with an additional +/-3,360 available. The facility is highlighted by private, covered parking for its customers.
- Market Outlook / Competition
- Grocery store foot traffic has generally increased since the pandemic, with a 1.0% rise in 2024 compared to 2023. This increase in foot traffic suggests a return to pre-pandemic shopping habits, but also indicates a move towards quicker, more targeted shopping.
- Opportunities for Growth
- Williamsburg, Brooklyn, is experiencing continued development in 2025, with a mix of residential, commercial, and mixed-use projects underway. One notable project is the completion of the first phase of Williamsburg Wharf, a five-tower, luxury development with residential and retail space. Additionally, several other residential and mixed-use buildings are in various stages of development, including conversions of existing buildings and new construction.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 21,000
- Rent
- $47,916.67 per month
- Lease Expiration
- 3/31/2028
About the Sale
- Transition Support
- The general manager is willing to stay in his position for the new owner.
Listing Info
- ID
- 2396380
- Listing Views
- 2354
Listing ID: 2396380 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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