Convenience Store For Sale
Location New York,United States
Asking Price Range < $250K
Gross Revenues $454000
Net Profit / Cash Flow $77360
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1983
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description This thirty years-old convenience store is located on one of the busiest routes on Long Island. Size of the store is 2000 sq.ft.; rent is just $1975 a month. The store is equipped with lotto, beer, cigarettes, ATM, EBT, coffee, etc. The store sells far fewer cigarettes, than compared to the other merchandise. Sandwiches, wraps, fried chicken, and other food items can be added to increase the sale. Commission from lotto pays the rental amount. The seller has owned it for eight years; the seller is moving to another state. He is willing to accept $50,000 as a down payment; the balance can be paid on a monthly basis. The area is a blend of all kinds of ethnics. The business hours can also be extended to increase the revenues. The seller's net cash flow, after paying all the expenses, is $6,000 to $7,000 a month. Call Syed at 631-374-7686 for more information.
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