Available Spaces
1
Total Square Feet
4,000 SF (approx.)
Asking Price
$300,000
Parking Spaces
23
Weekly Sales
$18,000
Key Details
Business for Sale
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 1509 Morris Ave, Union, NJ (the ‘Property’).
Quick Foods sits on Morris Avenue (Route 82), the main arterial of the Township of Union. The township has strong regional access: the Garden State Parkway, I-78, and U.S. Route 22 all run through it, and Kean University’s main campus is also on Morris Avenue. Union is home to 62,675 residents, with a median household income of about $126,400, a dense and affluent customer base for daily-needs retail.
RIPCO is offering the business and leasehold interest of Quick Foods, a fully operating food market of about 4,000 SF. The real estate is not included. The store reports weekly sales of about $18,000, roughly $936,000 a year, and is priced at $300,000. That’s an accessible, turnkey entry for an owner-operator or an expanding grocery operator.
Investment Highlights
- Turnkey Neighborhood Food Market - Established, fully operating food market offered as a going concern. A buyer can step in on day one with existing customers, vendors, and operations in place.
- Reported weekly sales of about $18,000, which annualizes to roughly $936,000 in gross revenue.
- Offered at $300,000, about one-third of annualized reported sales. That’s an accessible price for an owner-operator or a multi-unit grocery operator looking to expand.
- Visible location on Morris Avenue, one of Union’s primary commercial corridors, with steady neighborhood traffic and a dense residential customer base nearby.
Brokers
Request Pricing / Contact
For sale
1509 Morris Avenue, Union, NJ, USA
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