Description
Excellent opportunity to own a 3,500 sq/ft mid-size grocery store situated in a very busy neighborhood in Passaic NJ for the past 70 years. The international store is well stocked and has a full selection of fresh meats, produce, dairy products and a wide array of grocery, and household products. The basement features 2,000 sq ft for storage & a prep station for produce. New 10 year lease with 10 year renewal option, the rent is $3,500 a month. The inventory & equipment of $550,000 will be included in the sale price. The grocery store is doing phenomenal numbers with great consistent sales steady through COVID-19 at $56-63k weekly easy. La Mia Meat Market has been a profitable and debt free business for 24 years under the same ownership. Income & Expenses are a must see. There is a huge upside potential for the right buyer.
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