Grocery Store
Location New York,United States
Asking Price Range < $250K
Gross Revenues $160250
Net Profit / Cash Flow $11612
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2009
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Yes
Reason for Sale Personal
Description This convenience store-cum 99 cents store is located on one of the busiest roads, on Long Island. The road, in front of the store, leads to a beach, which gives an ample opportunity for this business to grow. The business is just eighteen-months old, but the seller working partner financially deceived the seller, leaving the seller on the verge of the business uncertainty. The seller has his own business, which he has been running it for sixteen years, so he is unable to run this one. The size of the store is 3600 sq.ft., has its own parking lot; the business has its own free standing building, too. A shrewd and venturous buyer can turn this business into a 7/11 type store, or a very busy 99cents store. The business is equipped with beer, cigarettes, EBT, and etc, but no lotto. The seller, with just $40,000 as a down payment, is willing to hold a note, because he is desperate to sell the business. If you know how to make a business turnaround, then call Syed at 631-374-7686, for more information.
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