Convenience Store in Attractive Location - 13816
Business Type: convenience store,other food stores,misc. retail/non-classifiable
Acted as the Advisor to the Deal
Suffolk County, NY
Kings County, NY
Bronx County, NY
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $150,000 | Down Payment | $100,000 |
| Gross Revenues | $232,400 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $91,460 | Number of FT Employees | Register Free to View |
Financing
$100,000 Down and Negotiable
Business Description
This attractively-located convenience store is located in the heart of a bustling area on Long Island. Rent is just $1550 a month, and the owner's discretionary cash flow, after excluding all the expenses, is $7,000 a month. The business earns $3500 a month in lotto commission. The store has lotto, ATM, beer, breakfast, etc. As it is the only neighborhood store in the area, the business is stable and continuous. Right opposite to the store, a new apartment complex is going to be erected. Furthermore, a theatre, very close to the store, is also going to be expanded, which will bring a bus stop opposite to the store, and it will increase the volume of the business. The owner is also willing to finance! It is a great opportunity for a first time business buyer!
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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