| This is a retail American supermarket for sell with property at a great location in South Jersey. It's a well established business for last 50 years located in a nice friendly neighborhood with minimal competition. Current owner is operating this business from last 13 years. Building is about 10,000 sq ft with plenty of parking. Solar panels are installed which will cut down utilities expense.. Real Estate value is about 1.2 to 1.3 mil which is included in the asking price. This is a long time established business with a loyal customer base. Equipped with well-trained, dependable & experienced staff , 7 full time and 7 part time employees are in place which makes for a smooth operation. This Supermarket does about 3.9 to 4.0 million dollars in gross average annually with a good profit margin. Supermarket sells grocery, milk, produce, fruit, lottery, cold cut meat, merchandise, pet food .....etc as other supermarkets do. There is a potential to add other supporting category for extra income.
The price has been set very competitively and based on fair market value and equipment. Based on the asking price and yearly net income, this business expect to supply a consistent investment return to the owner operator. The cash flow noted is for an owner/operator working 50 hrs/wk taking NO salary and before debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only.
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