Description

Business for Sale: Package of 2 Supermarkets

Business Name: Oakland Giant Farmers Market & Giant Farmers Market of Waldwick
Location: Oakland, NJ & Waldwick, NJ
Asking Price: $3,499,000 (For Both Locations)

Overview:

This is a unique opportunity to acquire a well-established, profitable package of two supermarkets: Oakland Giant Farmers Market in Oakland, NJ, and Giant Farmers Market of Waldwick in Waldwick, NJ. These family-owned and operated businesses are deeply embedded in their respective communities, offering a wide variety of fresh produce, quality groceries, and exceptional customer service.

Both locations are known for their outstanding selection of locally sourced produce, organic options, specialty items, and premium meats, making them popular destinations for loyal customers in the area.

Key Business Highlights:

• Reputable Brand: Established in the community with a strong brand presence and loyal customer base.
• Two Prime Locations:
  • Oakland Giant Farmers Market: Located in the heart of Oakland, NJ, with high foot traffic and ample parking.
  • Giant Farmers Market of Waldwick: Conveniently located in Waldwick, NJ, with great access to local residential and business areas.
• Financial Stability: Consistent year-over-year growth, with an excellent profit margin, driven by high-volume sales, especially in fresh produce, organic products, and meats.
• Experienced Management: The businesses are run by a skilled management team that will ensure a smooth transition to new ownership.
• Fully Equipped: Both stores are fully equipped with state-of-the-art supermarket facilities, including refrigeration, shelving, and POS systems.

Financials:

• Annual Gross Revenue: $19,900,000+ (for both locations combined)
• Annual Net Profit: $900,000+
• Lease Terms: Favorable and long-term leases at both locations.
• Inventory: Inventory is included in the sale, estimated at $650,000 (valued at cost).

Real Estate:

• Oakland Location: Approx. 19,000 sq. ft. of retail space.

  • Lease term: 20 years remaining with renewal options.
  • Rent: $32,000/month.
  • Ample parking space and easy access to main roads and local residential areas.

• Waldwick Location: Approx. 19,000 sq. ft. of retail space.

  • Lease term: 13 years remaining with renewal options.
  • Rent: $42,000/month.
  • Highly visible location in a busy shopping plaza with plenty of parking and high foot traffic.

Customer Demographics & Market:

• Both supermarkets are located in affluent residential areas, attracting a diverse demographic ranging from young families to retirees.
• Strong demand for high-quality fresh food, organic produce, and specialty items.
• The area has experienced steady population growth, contributing to a continually increasing customer base.

Growth Potential:

• Expansion of Product Offerings: The opportunity to add more specialty items, such as ready-to-eat meals, local artisanal products, and expanded catering services.
• Loyalty Programs: There is potential to implement customer loyalty programs, which would increase repeat business and drive sales.
• Online Ordering & Delivery: A growing trend in online grocery shopping could be expanded, allowing for delivery and pick-up services for added convenience.

Training & Support:

• The current owners are committed to ensuring a smooth transition to new ownership and are willing to provide full training and support.
• The management team and staff are well-trained and experienced, with many years of service in the grocery industry.

Reason for Sale:

The current owners are looking to retire and are seeking a buyer who can continue the legacy of these well-established supermarkets.

Conclusion:

This is an exceptional opportunity to acquire two successful supermarkets with a loyal customer base, excellent profit margins, and significant growth potential. Whether you're an experienced operator looking to expand or an investor seeking a solid, profitable business, this package offers tremendous value.

For more information, please contact:

Daniel Dursunian

516-698-6908

Danield@eastcoastbusinessbrokers.com