Supermarket In The Fastest Growing Neighborhood in Queens.
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Established supermarket for over 30 years.
Located in a high foot traffic location at the intersection of the main shopping streets.
This area of Queens is the fastest growing and top rated neighborhood for the Millennial generation, hipsters and young families with children.
Supermarket has an excellent product mix of organic produce and ethnic groceries.
Great reviews for product selection and great prices.
Well maintained, CLEAN store that was refurbished 5 years ago.
Well merchandised, but can be improved.
Store needs a hands-on operator to bring sales to the next level and control costs.
Located in a high foot traffic location at the intersection of the main shopping streets.
This area of Queens is the fastest growing and top rated neighborhood for the Millennial generation, hipsters and young families with children.
Supermarket has an excellent product mix of organic produce and ethnic groceries.
Great reviews for product selection and great prices.
Well maintained, CLEAN store that was refurbished 5 years ago.
Well merchandised, but can be improved.
Store needs a hands-on operator to bring sales to the next level and control costs.
About the Business
- Years in Operation
- 30
- Facilities & Assets
- Well equipped and well maintained 7,300 SF store. Lease is 13 years and there is a possibility of extending the current lease. Rent is $24K/Month with 10% increases EVERY 3 years. Real Estate Taxes $4,474/Month. Great frontage with doors, for produce & flowers street display. Full 7,300 SF storage and refrigeration in the basement.
- Market Outlook / Competition
- This supermarket is a major draw in the neighborhood. The population is growing and advertising should focus on building the customer base from the NEW residents
- Opportunities for Growth
- Focus is on ethnic groceries but the neighborhood has changed and a strong social media marketing program is needed to build the stores shopping community and cater to the areas changing population. The focus should be on well priced quality produce at competitive prices. Margins can be increased by lowering COGS by a few points and controlling payroll with an owner/operator running the store.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 7,300
- Rent
- $24,000.00 per month
- Lease Expiration
- 12/31/2038
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- Owner will transition
Listing Info
- ID
- 2446236
- Listing Views
- 193
Attached DocumentsAttachment Disclaimer
Listing ID: 2446236 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.
Businesses for SaleNew York Businesses for SaleNew York Food & Beverage Businesses for SaleNew York Grocery & Supermarkets Businesses for Sale
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