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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   New York Businesses For Sale Categories   >>   

Card & Gift Store - Lotto Sales Of $1.7 Million

Location  New York,United States
Asking Price Range  $250K - $500K
Gross Revenues  $368664
Net Profit / Cash Flow  $109056
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1948
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  Card & Gift Store - LOTTO Sales of $1.7 Million. In fact, the current owner has been here for 28 years! This store is nestled in a busy shopping center in the middle of a residential neighborhood. LOTTO sales alone were over $1,700,000.00 in the past year. That translates to commissions of $102,000.00. They recently added quick draw and have a room in the back. They are just waiting on a monitor which is to be delivered any day. This is a 2,000 sq. ft. store that has been established for over 69 years. They specialize in collectible gift items, stationery and 50% greeting cards. There is no other direct competition to this store within a 2 mile radius. The owner is looking to sell as he just started another full-time job. There are 7 years remaining on the lease with a reasonable landlord. In addition to LOTTO profit of $102,000.00, the store had Gross Sales of approximately $400,000.00 in the past year, with a Total Net Income of approximately $109,056.00 (includes LOTTO Commissions, ATM, Cigs., etc.). There is an opportunity to expand with more collectibles, cell phones, more soft drinks, ice cream, etc. You WILL NOT find a better card and gift store on the market. Call or email Mel Vaz today to learn more at 631-909-1095.
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