Turnkey Supermarket In Manhattan For Sale in Manhattan, New York - BizBuySell

This long-standing neighborhood supermarket has served the community for over 30 years, building a strong and loyal customer base. The current owner purchased the business just one year ago, initially operating it as a discount store before converting it back to a full-service supermarket—successfully increasing revenue and restoring its traditional appeal.

Overview

Store Size: ~2,500 sq ft

Includes Full Basement

Lease Terms: Current lease 3 + 5 years

Annual Rent Increase: 3%

Financials

Weekly Sales: ~$35,000

Payroll: $6,000 weekly (~$24,000/month) for 6–7 employees, including a butcher (works 5 days/week, 4 hours/day)

Rent: $9,500/month

Gross Margin: ~35–50%

Owner Take-Home: $10,000–$20,000/month (fluctuates)

Inventory on Hand ~ $350,000

Business Highlights

25 years established at the same location with a strong, loyal customer base

Sells all standard grocery departments with a focus on cold-cut halal meats

Newly obtained beer license, OTC & EBT approved, and WIC application submitted

Butcher services 5 days a week for 4 hours a day

Significant growth potential by expanding prepared foods, adding more produce, and leveraging the new beer license

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION