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#Business ID: 20179

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Gourmet Supermarket Caters To Wealthy Area

Business Location: Staten Island, New York, United States

Asking Price: $ 1,200,000 Revenue: $ 3,000,000 Cash Flow: $ 202,895

Business Summary

LOCATION/ LOCATION is the key here, close to island’s interstate system (entrance and exit). In one of the more affluent areas of Richmond. The 10,000 square foot mini gourmet supermarket has every department found in markets 10x its size, fresh meat/ fish fantastic salad section, prepared food cold/ hot. Fresh veggie section plus other condiments found in larger supermarkets. Here the emphasis is gourmet preparations renowned for there quality. The higher end market close to 2 college campuses delivers to most of the island. Lot for 20 cars, sales are biweekly, featuring specials on popular items. Sale items are sold at decent mark-ups. Very larger catering menu from sandwiches/ antipasto trays to roasts. Under Magnosi’s banner all catered items are displayed professionally. After visiting store keep traveling past interstate and see the wealth going up the hill. Located close to two major colleges; easy to obtain help and possibility of picking up additional sales.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Additional Details:

The property is leased.
This is not a home based business opportunity.
This is not a franchise resale opportunity.

Property Details

Years Established:

2002

Property Type:

Lease

FF&E:

$ 245,000

Other Business Details

Premise Details:

Parking lot for 20 plus street parking solid 15 year lease. Has all equipment for daily operation that larger markets have. Super delicious and fresh produce department.

Competition:

This market except for pricing can go against other larger markets- quality and showing of gourmet items much more superior to other stores. No advertising - which can be pounded out. Its superiority as far as quality will over come other markets - delivery available.

Business Operation Details

Employees:

25

Support & Training:

The owner is willing to train/ assist the new owner.

Miscellaneous Details

Financing Available:

Yes
Owner wants $700k down and will take note of $500k at a negotiable length of time at 5%.

Reason For Selling:

Personal

Contact this seller

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