2-store Supermarket Portfolio – $260K Weekly Sales For Sale

Description

Two supermarkets on Long Island offered together as one sale.

The stores are about 20 minutes apart. Each location is approximately 10,000 sq ft and operates from a shopping plaza.

Sales

• Combined weekly sales: approximately $260,000
• Store 1: approximately $150,000 per week
• Store 2: approximately $110,000 per week
• Annual revenue: approximately $13.52 million

Store 1

• Size: approximately 10,000 sq ft
• Monthly rent: $26,400
• Lease: 20 years stated
• Anchor tenant in the shopping plaza

Store 2

• Size: approximately 10,000 sq ft
• Monthly rent: $19,500
• Lease remaining: 8 years
• Landlord stated as open to discussing an extension
• Anchor tenant in the shopping plaza

The two stores already work with existing vendors. Because the locations are relatively close to each other, some management, purchasing and staffing can be handled across both stores.

Price

• Asking price: $3,100,000 for both stores
• Inventory: additional to the asking price
• Inventory to be counted at closing

Reason for Sale

The seller is relocating out of state and wants to sell the two locations together.

Other Information

• Net profit or SDE: not provided
• Employee count: not provided
• Inventory value: not provided
• Exact addresses: confidential

A signed confidentiality agreement is required before the exact locations are released.