Well Established Absentee Ran Supermarket In Brooklyn NY - Business for Sale
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Absentee-Run Supermarket in Brooklyn, NY
Brooklyn, NY, US
Added 5 months ago
Supermarket / Grocery Store
Absentee / Semi-Absentee
An absentee-run supermarket with over 20 years of operation is offered for sale in a high-traffic Brooklyn, NY neighborhood, occupying 10,000 square feet plus a full basement and employing 25–30 staff members.
Key Information
Asking
$1.5M
Revenue
$6.3M
Earnings
$400K
Multiple
3.8x
Key Highlights
- Gross margins: 35%
- Payroll: $16,000 per week
- Inventory included in price: $300,000
- Rent: $25,000 base + $10,000 taxes per month ($35,000 total)
- Insurance: $68,000 per year
- Rebate income: ~$186,000
- Store size: 10,000 sqft plus full basement (basement not utilized)
- Lease term: 10 years, extensions possible for experienced operators
- Staff: 25–30 employees, union store (contract not renewed), each department has its own manager
- Owner is absentee; store manager oversees operations
- No fresh fish, hot/cooked food, or lotto currently sold
Contact Info
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