Iconic Neighborhood Business with Strong Growth Potential
Brooklyn, NY
| Asking Price: | $750,000 |
| Gross Revenue: | $2,195,495 |
| Rent: | $10,000 |
| Established Year: | 1974 |
| Cash Flow: | $518,126 |
| Inventory: | $50,000 |
| FF&E: | $200,000 |
Listing ID: 2239835Listing provided by BizBuySell
BUSINESS DESCRIPTION
Iconic Business with Growth Potential
Are you looking to invest in a thriving business with deep roots in the community and a loyal customer base? Look no further! This family-owned business has been serving the local community for over 50 years, delivering unparalleled quality and customer satisfaction that cannot be matched by online retailers. With strong reviews and repeat customers this business provides a solid foundation. New owners do not need hands on experience as a strong staff is in place. Management and Marketing skills will fuel then next generations growth.
DETAILED INFORMATION
Location
Brooklyn, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,200
Lease Expiration
15/05/2034
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Established half a century ago, this business has been a cornerstone of the community. For the past 36 years, it has flourished under dedicated family ownership, consistently evolving to meet the needs of its customers while maintaining its original charm and commitment to quality.
Competition
The business stands out in the market due to the exceptional in-store experience we offer. Unlike online purchases, we provide a level of quality and customer satisfaction that keeps our clientele coming back. The personal touch, expert service, and high-quality products make us the preferred choice in the community. While competitors focus on online convenience, we deliver an irreplaceable, tactile shopping experience that fosters loyalty and trust.
Growth & Expansion
The possibilities for expansion are extensive. A new owner could significantly increase revenue by building out the brand and exploring new markets. One promising avenue is wholesaling our sought-after products to other businesses and restaurants. Additionally, our exclusive, high-demand dog food represents a lucrative opportunity. Optimizing this revenue stream could greatly enhance profitability. With the right vision and strategy, the growth potential is boundless.
Financing
Owner Terms:$50,000.00 Interest:6% Term Months:24 Monthly Payment:$2,216.03
Support & Training
2 weeks
Reason for Selling
Retirement
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