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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.
Click Here To Contact Seller

    

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