This long-standing neighborhood supermarket has served the community for over 30 years, building a strong and loyal customer base. The current owner purchased the business just one year ago, initially operating it as a discount store before converting it back to a full-service supermarket—successfully increasing revenue and restoring its traditional appeal.
Overview
Store Size: ~2,500 sq ft
Includes Full Basement
Lease Terms: Current lease 3 + 5 years
Annual Rent Increase: 3%
Financials
Weekly Sales: ~$35,000
Payroll: $6,000 weekly (~$24,000/month) for 6–7 employees, including a butcher (works 5 days/week, 4 hours/day)
Rent: $9,500/month
Gross Margin: ~35–50%
Owner Take-Home: $10,000–$20,000/month (fluctuates)
Inventory on Hand ~ $350,000
Business Highlights
25 years established at the same location with a strong, loyal customer base
Sells all standard grocery departments with a focus on cold-cut halal meats
Newly obtained beer license, OTC & EBT approved, and WIC application submitted
Butcher services 5 days a week for 4 hours a day
Significant growth potential by expanding prepared foods, adding more produce, and leveraging the new beer license
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
