Listing ID: 69079

Business Overview

Description:

This is a rare opportunity to acquire a profitable, high-volume Supermarket in a demanding, high-traffic Brooklyn neighborhood. Operating as an absentee-run business, this store is positioned for immediate profit optimization by an experienced, hands-on operator.


Overview:

Biz Revenue (2024): $6,300,000 

Biz Cashflow: ~$400,000 (semi-absentee)

 

Business Highlights:

Established over 20 years in Brooklyn 

Currently Absentee Ran 

Store Manager in place for oversight 

Fully Staffed with 25 – 30 employees 

Each Dept. has its own manager 

Currently, no fresh fish, hot/cooked food, or lotto is sold.

10,000 sqft + full basement 

High visibility and lots of foot traffic 

Surrounded by a lot of residential buildings 

Would like to keep store and will facilitate a new operator 

Financial Overview:

Revenue: $6,300,000

Weekly Sales: $121,000 

Payroll: $16,000 / week 

Inventory: $300,000 (included in price) 

Rent: $25,000 + $10,000 taxes / month ($35k / month) 

Insurance: $68k / year 

Rebate: ~$186k 

Gross Margins: 35% 

Cash flow: $396,000 (6.5% for an absentee ran store) 

Lease Terms
Rent: $25k base + $10k/month taxes

Sqft: 10,000 (full basement not utilized)

Term: 10 years (landlord may approve extensions only for experienced operators) 

**Lease includes clause that landlord cannot unreasonably refuse consent, but approval still expected to be challenging for inexperienced buyers.**

Staffing & Payroll: (Union store, contract not renewed) 

Staffing: Approx. 25-30 Employees 
Store Manager: ($1,850/week + 4 weeks vacation/sick days, no medical)

Head butcher: $40/hour + benefits + 5 weeks vacation

Long-term union employees contribute to high expense structure.

New operator expected to cut salaries & union expenses to improve profits.

Only department heads are FT, everyone else is PT 

Owners Role & Day to Day:

Owner is Absentee, does not step foot into store, only does oversight on financials. 

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

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FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $1,500,000
  • Cash Flow: $400,000
  • Gross Revenue: $6,300,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:10,000
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.