Cash Cow Grocery Market

Queens, NY
listing image
Asking Price:$1,500,000
Gross Revenue:$3,800,000
Rent:$215,000/Year
Cash Flow:$500,000
Inventory:$150,000
Established Year:1998
BUSINESS DESCRIPTION

HS Listing ID-37996

Take ownership of a thriving supermarket, ideally located in a bustling corner spot of Queens, New York.

This 1700 sq ft grocery store has been under the same ownership since 1998, testifying to its enduring appeal and profitability.

Primarily focusing on grocery sales, the store benefits from both indoor and outdoor spaces.

Currently run on an absentee basis, the business offers fantastic potential for an active owner-operator.

Situated at a high-traffic intersection with a traffic light, it enjoys extremely busy foot traffic, ensuring a steady stream of customers.

A new lease will be issued, providing a fresh start for the new owner.

There is about $150k of inventory not included in the asking price.

Capitalize on this opportunity to own a well-established, successful business in one of the most vibrant and densely populated boroughs of New York City.

Take the reins and drive this business to its next level of success.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION


DETAILED INFORMATION
Location
Queens, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,700
Facilities
Take ownership of a thriving supermarket, ideally located in a bustling corner spot of Queens, New York.
Competition
This 1700 sq ft grocery store has been under the same ownership since 1998, testifying to its enduring appeal and profitability.
Growth & Expansion
Currently run on an absentee basis, the business offers fantastic potential for an active owner-operator.
Support & Training
Yes.
Reason for Selling
Other business interests.
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Michael
Steinberg
Hedgestone Business Advisors
Michael Steinberg