Attractive Convenience Store - 23651 Business Type: convenience store,absentee business
Acted as the Advisor to the Deal
Suffolk County, NY
Kings County, NY
Bronx County, NY
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $165,000 | Down Payment | $165,000 |
| Gross Revenues | $788,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $86,400 | Number of FT Employees | Register Free to View |
Financing
$165,000 Down and TBD
Business Description
This attractively-located convenience store is located at one of the busiest roads in Manhattan. It is equipped with lotto(quick draw), beer, cigarettes, cigars, coffee, newspapers & magazines, etc. It also sells metro and pre-paid calling cards. Only lotto earns $1.5 millions in gross sales a year, relieving the seller of the rent and pay roll. The store makes $14,000 a week in gross sales. It is 100 % absentee owner business. The seller's net cash flow, after paying all the expenses, is between $85,000 to $90,000 a year. The business is located within the hub of Manhattan, so one can imagine the steady flow of the business, having the commercial and residential area close to the business. The seller is attached to one NGO, which forces him to go abroad for several weeks at a time. At present, the employees are running the business. Proof of funds is a must. Call Syed at 1-877-735-5224 for more information.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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