50 Year Established 15,000 Sqft Supermarket With Property For Sale - Business for Sale
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Supermarket with Real Estate in Salem County, NJ
NJ, US
Added 2 months ago
Supermarket / Grocery Store
Absentee / Semi-Absentee
A 50-year established supermarket with a full bakery, meat department, and subleased pharmacy is offered for sale with its real estate in Salem County, New Jersey.
Key Information
Asking
$2.8M
Revenue
$4.2M
Earnings
$395K
Multiple
7.1x
Key Highlights
- Business price: $1,200,000 (15x weekly sales)
- Property price: $1,600,000 (18,813 sqft building on 1.18 acres of land)
- Supermarket space: 16,900 sqft (14,500 sqft retail), total building 18,813 sqft
- Established 50 years in Salem County, NJ
- Real estate includes plaza building with 3 tenants (including supermarket) and 1 loading dock
- Total rent roll: $120,000; real estate taxes: $37,812
- 5 department managers; owners are semi-absentee
- Includes full commercial kitchen, bakery, meat department with butcher, and sub-leased pharmacy department
- 33-34% overall product markup
- All new frozen food freezers and 10 new horse compressors
- Parking for 50+ cars on 3 acres of land
Contact Info
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