Financing: $99,000.00 Down and Cash
Reason for Selling:The seller has another business, which is too far from this one.
This thirty year old supermarket is located on one of the busiest roads on Long Island. The business has its own free standing building, also having its parking lot for its clientele. The size of the store is 3000 sq ft, but if the parking lot is included, then it is 5000 sq ft. Rent is $3500, with a ten-year lease, with no increase in rent for three years. At one stage, the business earned $3500 a day in a gross sales, after that the owner died, and this cash cow went into the hands of the employees, who ruined the business. The business is equipped with quick-draw(lotto), beer, cigarettes, ATM, etc. The commission from lotto comfortably pays the rent, and its relatable expenses. The present seller is running as an absentee; the business needs a vigilant and hard-working owner, who knows how to turn it around to its maximum potential. The business has the capacity to include breakfast and lunch. Even under badly-managed supervision, the business is profitable. The seller's net cash flow, after paying all the expenses, is $5,000 a month. The seller is willing to finance. Call Syed at 631-374-7686 for more information.
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
