Supermarket on High Traffic Corner
Business Description
Supermarket on High Traffic Corner
LISTING ID # 37386
High-traffic corner supermarket located in a prime Queens County location. This established multi-ethnic supermarket sits on a busy corner in a densely populated neighborhood with tremendous foot traffic and is surrounded by residential buildings, schools, subway stations, and bus lines. The store is a busy, community-focused grocery operation offering a strong mix of domestic and international products that drive consistent repeat business. The product mix includes halal meat and fresh fish, fresh fruits and vegetables, dry goods and household staples, as well as Bangladeshi, American, and Spanish groceries, along with specialty international items not typically found in big-box supermarkets. The store serves a loyal and growing customer base in a culturally diverse area.
The business demonstrates proven revenue with monthly gross sales ranging from $60,000 to $80,000 and annual seller’s discretionary earnings of approximately $104,000. The supermarket benefits from a prime high-visibility corner location with heavy daily pedestrian traffic and strong neighborhood demographics. The lease has 10 years remaining, and the rent is $6,753 per month, which is very favorable for the size of the store and the level of traffic it receives. This opportunity is ideal for an owner-operator seeking stable cash flow, a family-run operation, or an experienced grocery or specialty food operator looking to expand.
The seller is seeking a serious and financially qualified buyer with approximately $332,000 in liquid funds for the asking price, a $22,300 rent security deposit, and approximately $30,000 for inventory. The sale is confidential, and all site visits must be discreet. Buyers should not speak with employees or staff, and appointments will be scheduled only after proof of liquid funds is provided.
High-traffic corner supermarket located in a prime Queens County location. This established multi-ethnic supermarket sits on a busy corner in a densely populated neighborhood with tremendous foot traffic and is surrounded by residential buildings, schools, subway stations, and bus lines. The store is a busy, community-focused grocery operation offering a strong mix of domestic and international products that drive consistent repeat business. The product mix includes halal meat and fresh fish, fresh fruits and vegetables, dry goods and household staples, as well as Bangladeshi, American, and Spanish groceries, along with specialty international items not typically found in big-box supermarkets. The store serves a loyal and growing customer base in a culturally diverse area.
The business demonstrates proven revenue with monthly gross sales ranging from $60,000 to $80,000 and annual seller’s discretionary earnings of approximately $104,000. The supermarket benefits from a prime high-visibility corner location with heavy daily pedestrian traffic and strong neighborhood demographics. The lease has 10 years remaining, and the rent is $6,753 per month, which is very favorable for the size of the store and the level of traffic it receives. This opportunity is ideal for an owner-operator seeking stable cash flow, a family-run operation, or an experienced grocery or specialty food operator looking to expand.
The seller is seeking a serious and financially qualified buyer with approximately $332,000 in liquid funds for the asking price, a $22,300 rent security deposit, and approximately $30,000 for inventory. The sale is confidential, and all site visits must be discreet. Buyers should not speak with employees or staff, and appointments will be scheduled only after proof of liquid funds is provided.
About the Business
- Years in Operation
- 10
- Employees
- 3 (2 Full-time, 1 Part-time)
About the Sale
- Seller Motivation
- Seller is moving
- Transition Support
- Seller will train
Listing Info
- ID
- 2471070
- Listing Views
Listing ID: 2471070 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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