MergerPlace

Very Profitable Supermarket &Real Estate

Buffalo, New York (Erie)


  • Asking Price: $570,000
  • Gross Income: $1,400,000
  • Cash Flow: $193,714
  • Real Estate: $175,000
  • Inventory: $60,000
  • FF&E: $105,000
  • Listing ID: #202834
  • Established: 1977
  • Employees: 3 FT / 5 PT

Business Description

~Full-service supermarket offering groceries, fresh food and own brand products that has been serving their community for over 40 years.

~Offering a full-service meat department and deli, a full line of groceries including money-saving brands, an extensive sub menu along with fresh fruits and vegetables. Non-food offerings include Lotto, tobacco and a delivery service.

~The business is a well-run, very profitable, has a highly-trained staff but also has room to grow which is very easy to identify.

~The commercial mixed use real estate, located in one of the areas up and coming neighborhoods, is included in the asking price but could be leased should the new owner wish.

~This Business & Real Estate Opportunity has been Pre-Approved by Major Lender.


Business Details

Primary Business Category: Retail Trade - Supermarkets
Location: New York
Metropolitan Area: Buffalo
County: Erie

Company Information

Year Established: 1977
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT / 5 PT

Financial Information

Asking Price: $570,000
Gross Revenue: $1,400,000
Cash Flow: $193,714
FF&E: $105,000
Inventory: $60,000
Real Estate: $175,000
Seller Financing Available: Yes

Property Information

Facilities:

Mixed use property with 3,600 SF total. Store occupies 2,100 SF on 1st floor and there are 2 apartments upstairs. The real estate is included in the price but can be leased should the new owner choose not to purchase it.

Growth & expansion opportunities:

BUSINESS: The business does not open early or stay open late. Expanding the hours of operation would increase the revenue. The demand for prepared food is a strong trend in the industry which the seller is not fully taking advantage of. The business offers some prepared food but there is room to offer much more. The business also does not offer hot beverages, an ATM or catering (again, prepared food), each of which could add to the revenue stream. REAL ESTATE: The real estate is included in the asking price. Its located in one of the area’s up and coming neighborhoods. The new owner could raise the rent of the two-bedroom apartment to a market-based level and begin renting the one-bedroom, also at a market-based rent. Another option includes the new owner using one of the apartments for their own living space. These options would increase cash flow and potentially the market value too.

Competition:

There are few full-service supermarkets like this small-format store. There are a number of convenience stores in the area, but none offer a full line of groceries, self-branded products or delivery. There are a few major grocery stores in the area but none with ease of access and corner store convenience.

Reason for selling:

Retirement

Support & Training:

The seller offers a minimum of 2 weeks of training to provide for a smooth transition.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Dean LoBrutto

Klassen Ingalls