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This Business has been Sold!
Closing Date: 09/16/2013
Broker: Syed Ahmed

Business for Sale Summary

Attractive Convenience Store - 23651

Business Type: retailing businesses,convenience store,special situations,absentee business,new to market
Sold
Attractive Convenience Store
On September 16th 2013, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, Suffolk County NY
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $165,000 Down Payment $165,000
Gross Revenues $788,000 Lease Remaining Register Free to View
Owner’s Cash Flow $86,400 Number of FT Employees Register Free to View

Financing

$165,000 Down and TBD

Business Description

This attractively-located convenience store is located at one of the busiest roads in Manhattan. It is equipped with lotto(quick draw), beer, cigarettes, cigars, coffee, newspapers & magazines, etc. It also sells metro and pre-paid calling cards. Only lotto earns $1.5 millions in gross sales a year, relieving the seller of the rent and pay roll. The store makes $14,000 a week in gross sales. It is 100 % absentee owner business. The seller's net cash flow, after paying all the expenses, is between $85,000 to $90,000 a year. The business is located within the hub of Manhattan, so one can imagine the steady flow of the business, having the commercial and residential area close to the business. The seller is attached to one NGO, which forces him to go abroad for several weeks at a time. At present, the employees are running the business. Proof of funds is a must. Call Syed at 1-877-735-5224 for more information.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.