Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Profitable Food Market Nets $475K
(Food and Beverage, Retail)
Union County, New Jersey
Listing ID: FMKT172

Listing DetailsGross Revenue: $ 4,774,990
Cash Flow: $ 475,649
FFE: $ 500,000 (Included in Price)
Inventory: $ 200,000
Reason for Sale:

The purpose of this business transaction is due to partner separation.


Training & Support:

The owner will remain 60 days after closing to supply an appropriate transitional and training period to the purchaser.


OperationsYear Established: 2014
Days & Hours of Operation: Mon.-Sun. 8am-8pm
Employees: 34
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 105000
Monthly Rent: $ 26,466
Square Footage: 11000
Type of Location: Stand Alone
Facilities:

This highly successful retail facility consists of approximately 11,000, square feet with an attractive modern appearance. The business has various departments consisting of a full range of food products. The business is located on an active county road with many other commercial businesses. This opportunity is in Northern New Jersey, Union County, which consists of various affluent and highly populated


SummaryBusiness Description:

High volume food market with a gross income of $4,774,990 and a substantial net yearly income located in an affluent area of Union county, New Jersey. Established during the past few years this highly profitable food market is committed the best quality foods to their customers. They are very well known in the area and believe in providing their customers with only the best ingredients, fresh produce, quality meats and cheeses, and the expertise to make every meal special. Their catering features gourmet, chef-inspired catering and customizable catering menus that can transform private events, corporate lunches and social gatherings into delicious affairs. They are proud to offer healthy, well-balanced foods and their dedicated staff provides the knowledge their customers need to achieve healthy choice. They are committed to providing the highest quality foods and support local causes that contribute to the betterment of the environment and community. Their customers shop with confidence and the market does not compromise the quality of the products and are committed to offering the very best and healthiest natural, organic groceries available. Their customers find a variety of clean, healthy offerings not available at traditional supermarkets. This high-volume food market and deli business consist of 14 full time & 20 part time employees who are unaware of the pending sale. The payroll is based on an hourly basis and a weekly base salary, the staff is unaware of the pending sale & fully expected to remain post-closing, and the weekly payroll expense is approximately $16,000. The business transaction will offer an assignable commercial lease which expires 20240, plus additional options available, with a monthly rent of $26,466 all in, cost per square foot is estimated at $28.87 and rent security of approximately $105,000. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

 

 

 


Potential Growth:

The business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:

 

Available to a qualified buyer with an appropriate down payment.