Absentee Corner Grocery Bringing In The Cash
Location New York,United States
Asking Price Range < $250K
Gross Revenues $516000
Net Profit / Cash Flow $75540
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1980
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description Spacious Corner Absentee Grocery/Deli close to a school. The establishment has a partitioned section with a separate entrance that can be easily subleased in order to generate additional income. EBT sales accounted for $120,000 of annual sales in 2011. In addition, WIC Check sales accounted for $800 of weekly sales in 2011. When the beer license and EBT/WiC participation were both active, average weekly sales was $18,000. An innovative and energetic owner operator can generate stronger cash flow by reapplying for the EBT/WIC programs as well as beer license in addition to selling lottery tickets and cigarettes.
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