BROOKLYN FOOD MARKET BEER LOTTO. FMKT197

Price: $150,000

Location: New York, New York

Industry: Food Market

Listing ID: FMKT197

Solid business opportunity for this successful, food market with a yearly gross income of $550,000 and a consistent net yearly income to the present owner operator. This market offers, food, lotto, retail liquor, cigarettes, and accepts food stamps. Since 1975, they have been fully engrained in the fabric of their Brooklyn New York Community. Their location enjoys a remarkably loyal following, which is no surprise; based on their products, pricing, service, and the pride in every aspect of their business. Their goal is to remain a favorite neighborhood food market and caterer of choice by offering the highest quality foods and hard-to-find products supported by friendly, personalized, efficient service. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.

Listing Details

Revenue: $550,000

Cash Flow: $90,000

FFE: $89,000 (Included in Price)

Inventory: $30,000

Reason For Sale:

The sale is due to the owner is relocating out of the state of New York.

Training & Support:

Due to the style of business the owner will remain after-closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 4,300

Type of Location: Commercial Avenue

Square Footage: 1700

Facilities Information:

The business is in highly populated area of Brooklyn, NY Benson Hurst which consists of various affluent and highly populated communities with continued demand for this food service and industry. This successful retail facility which consists of approximately 1,700 square feet, 50-foot street frontage and has a clean attractive appearance. The business is on a highly populated commercial avenue with various other active and successful businesses.

Summary

Owner Qualifications:

As to any food industry this business requires various government licensing approval to operate which included city food handlers’ license.

Competition:

Although competitors presently exist in the industry, 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:

This business opportunity food market has a limited marketing system, no delivery, no web site and if improved can further develop the business yearly gross sales.

Ron Cervelli

contactus@regalconsultants.com

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