BROOKLYN FOOD MARKET BEER LOTTO

RetailFor Sale in Brooklyn, NY

Listing ID: FMKT196 | Broker Listing ID: BLP274096

Financial & Assets Details

Revenues: $550,000

Cash Flow: $90,000

FF&E: $89,000

Inventory: $20,000

Square Feet: 1700+/-

About the Business

Year Established: 1975

Employees: 3

Lease Amount: $3,400

Seller Financing: Yes

Business Description

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.

Growth & Expansion

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.

Seller Financing

Seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Market 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.

Location Details:

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.

Support & Training

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.