Supermarket: A Flourishing Retail Opportunity in Queens, NY

Explore the chance to own a thriving supermarket in the bustling neighborhood of Queens , NY. The Supermarket is well-established with a robust track record, perfectly situated to capitalize on the area's high foot traffic and strong community spirit. This presents an incredible investment opportunity with consistent profitability and substantial growth potential.

Business Highlights:

• Prime Location: Nestled in a neighborhood renowned for its diverse culture and commercial vibrancy, the supermarket benefits from both regular local customers and frequent new visitors.
• Strong Financials: Demonstrating a solid business model, the supermarket boasts an annual gross revenue of $1.6 million, with a net income of between $180,000 and $200,000.
• Additional Revenue Streams: Enhancing its income, the store generates an extra $700 weekly from lottery sales, adding a reliable supplementary revenue source.

Facility and Operations:

• Spacious Retail Environment: The supermarket occupies a 3,700 sq ft retail space, allowing for an extensive product range and a comfortable shopping experience for customers.
• Efficiently Managed Payroll: With a weekly payroll of $4,000, the supermarket is staffed to maintain high service standards without compromising on profitability.
• Long-Term Lease Security: A remaining 9-year lease agreement at $14,000 per month, inclusive of taxes, provides long-term operational stability.

Location Advantages:

• High Foot Traffic Area: Located in one of Queens' most frequented neighborhoods, the supermarket enjoys continuous customer flow, crucial for sustaining and increasing sales volume.
• Community-Centric Locale: The strong community ties and ongoing commercial developments offer a dynamic market environment conducive to business growth.

Financial Overview:

• Rent and Utilities: Monthly rent includes taxes at a competitive rate, with additional utility costs effectively managed to maximize profit margins.
• Operational Costs: Comprehensive cost management for gas/electric ($3,500), insurance ($2,200 annually), garbage ($400), and water ($100) ensures efficient store operations.

Investment Potential: This supermarket is not just a business; it's a staple of the Queens community, providing essential services and products. With its proven profitability, strategic location, and potential for expanding services, it represents a perfect opportunity for anyone looking to invest in a sustainable retail operation.