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This Business has been Sold!
Closing Date: 08/01/2019
Broker: Syed Ahmed
Business for Sale Summary

C Store in Queens County, NY - 31197

Business Type: owner financing available,convenience store
Sold
C Store in Queens County, NY
On August 1st 2019, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Nassau County, NY
Suffolk County, NY
Kings County, NY
Bronx County, NY
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $130,000 Down Payment $80,000
Gross Revenues $473,500 Lease Remaining Register Free to View
Owner’s Cash Flow $62,705 Number of FT Employees Register Free to View

Financing

$80,000 Down and

Business Description

This 30 years old convenience store is located on an extremely busy road in Queens. The area is heavily commercial and residential. The store has lotto, beer, cigarettes, money gram, news papers, ATM, prepaid calling cards, etc. Lotto makes $5,000 in commission a month. Store earns over $8,000 in gross sale a month. A great location; business is stable because of loyal clientele. Seller financing is available. Seller owns many businesses in Suffolk County, so he finds it hard to supervise, even being an absentee owner. Seller's net cash flow is $5,000 a month.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.