FOOD MARKET NETS $600K. FMKT199

Price: $1,500,000

Location: Monmouth County, New Jersey

Industry: Food Market

Listing ID: FMKT199

Owner retiring to Florida, offering this wonderful profitable specialty food market opportunity with gross income of $2,961,735 and a net yearly income of $600,437. This retail food market offers a full range of quality foods with a substantial market up to the company. If you are seeking a solid business opportunity with continued growth, view the details of sale. This is a dependable safe business opportunity and based on the price, and yearly net income, this business offers a consistent return on investment to the owner operator or general investor.

The 2021 gross yearly income, as represented by the owner is estimated at $2,961,735 and the business has a yearly net income of approximately $600,437 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The following years income is expected to be further improved – similar or greater to the previous year. A formal due diligence is recommended buy broker.

 

Listing Details

Revenue: $3

Cash Flow: $600,437

FFE: $175,000

Inventory: $45,000

Reason For Sale:

The purpose of this business transaction is due to the owner retirement after many years of success in this particular industry.

Training & Support:

Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.

Operation

Year Established: 2015

Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 8:00 am to 7:00 pm.

Employees: Regarding employees and payroll; this retail company consist of eighteen employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salaries, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $50,000.

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 5,000

Type of Location: Active commercial Mall

Square Footage: 3,000

Relocatable?: Yes

Facilities Information:

This business opportunity is in central New Jersey, Monmouth County on a highly active county road. This business facility consists of approximately 3,000 square feet with a modern, attractive, and professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.

Summary

Owner Qualifications:

For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.

Competition:

Regarding competition, to the best of our knowledge, 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:

Regarding growth and expansion, the retail company can be further developed by increasing the days of operation, improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Ron Cervelli

contactus@regalconsultants.com

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