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Lucrative New York (Queens) Mini-market For Sale
Queens, NY (Queens County)
Asking Price: $349,000
Cash Flow: $225,000
Gross Revenue: $1,050,000
Rent: $8,500 /Month
*not included in asking price.
What a rare opportunity! An exceptional mini-market available in the historical western Queens neighborhood of Sunnyside. With an asking price of $349,000, this business is situated in a lovely, safe area that was established in the early 20th century by Irish settlers. Even today, it retains the Irish influence particularly in its cuisine; however, it also boasts attraction of a variety of residents ,making it wonderfully diverse, as well. With its courtyards and tree-lined streets as well as intriguing shops, restaurants and pubs, this Sunnyside neighborhood is home for this highly successful, beautiful mini-market, which has absolutely NO competition. Clear evidence of its importance in this area is reflected in the cash flow ---- $225,000 while the gross revenue is an astounding $1,050,000 with a 45% profit margin!
Established in 2004, the 2,000 square foot market offers customers a premiere selection of craft beers, gourmet coffee and a variety of organic foods including cheeses, fruits and vegetables. Operating with low rent of $8,500 per month, the building is leased until its expiration date of June 30, 2027. To enhance a new proprietor's revenue, the present owner has everything in place for the market to easily and readily incorporate a deli and lottery availability. With the present owner's support, guidance and training, a new owner or family members could also work at the store to ensure the expansion is successful and will ultimately generate more profit. Presently, the owner is 100% absentee, but does have 5 individuals employed. Open 24 hours , the market's inventory is valued at $50,000 ; it is not included in the asking price, however.
Opportunities such as this are few and far between---- a highly profitable business nestled in a neighborhood that the local realtors affectionately refer to as " Mayberry". For anyone familiar with the charm and flavor of the 1960 's Andy Griffith show, this nickname speaks volumes; friendly people, mom-and-pop stores, idyllic setting ---- hearkening back to old New York. Blend a perfect business and a wonderful , historical neighborhood , and you have a remarkable opportunity that certainly will not last long. Call for details ---- don"t let this "gem" slip away!
Location:Queens, NYInventory:Not included in asking priceReal Estate:LeasedBuilding SF:2,000Lease Expiration:6/30/2027Employees:5Facilities:2,000 square feet -- footprint Leased with expiration on June 30, 2027 Rent per month is $ 8,500Competition:NO COMPETITION This mini-market is selling the very best selection of craft beers as well as organic foods and gourmet coffee.Growth & Expansion:The business has been set up to easily expand by adding a deli and lottery availability.Support & Training:Present owner is willing to support and train a new proprietor Reason for Selling:Retirement
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