Well Established Queens Supermarket For Sale
| Asking Price: | $399,000 |
| Gross Revenue: | $1,600,000 |
| Cash Flow: | $190,000 |
| Rent: | $14,000/Month |
HS Listing ID-62878
– Prime Location: Situated in the vibrant and diverse neighborhood of Astoria, this supermarket benefits from high foot traffic and a loyal customer base. Astoria is known for its strong community spirit and bustling commercial activity.
– Well-Established Business: With a strong annual gross revenue of $1.6 million, this supermarket has a proven track record of profitability, making it a reliable investment.
– Additional Revenue Streams: Beyond traditional grocery sales, the store generates an additional $700 weekly from lottery ticket sales, providing a steady supplemental income.
– Spacious Layout: The 3,700 square feet of retail space offers ample room for a wide variety of products, ensuring customers can find everything they need in one convenient location.
– Long-Term Lease: The remaining 9-year lease provides stability and security, with a rent of $14,000 per month that includes taxes, making financial planning straightforward.
– Efficient Payroll Management: The weekly payroll is set at $4,000, allowing for efficient and effective staffing to maintain high service standards.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
