Convenience Store
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $2030000
Net Profit / Cash Flow $393800
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1977
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description This convenience store-cm-deli is located at one of the busiest roads in Manhattan. Its size is 1800 sq.ft', with the equal size of the basement, which is used for the storage of merchandize, and the seller's office. The store is equipped with beer, cigarettes, fruits, flowers, breakfast, lunch, etc. The business is conducted on 50% profit margin, because of the highly rich area, laced with the head offices of the big corporations, and a very famous college. In the early part of the day, the business sells several hundreds cups of coffee; so much so that an employee is deputed to prepare many kettles of coffee at a time. The store's per week gross sale is $45, 000; the net cash flow, after paying the rent, salaries, and the other expenses, is $32,000 a month. It is a thirty years-old business. Those who want a business with a very lucrative cash flow, buy this one, and it is in one of the most expensive areas in Manhattan. Call Syed at 631-374-7686 for address, and more information. The seller needs a proof of funds.
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