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This Business has been Sold!
Closing Date: 06/17/2016

Business for Sale Summary

Beautifully-Located Convenience Store - 27399

Business Type: retailing businesses,special situations,new to market,seller financing available,convenience store
Sold
Beautifully-Located Convenience Store
On June 17th 2016, The Undersigned
Acted as the Advisor to the Deal
No Photo
Perry Treister Senior Broker
Servicing: This Broker is Servicing All of States
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 $225,000 Down Payment $150,000
Gross Revenues $344,000 Lease Remaining Register Free to View
Owner’s Cash Flow $96,740 Number of FT Employees Register Free to View

Financing

$150,000 Down and

Business Description

This beautifully-located convenience store is situated on one of the busiest roads in Queens. Rent is $2800 a month; its size is 1800 Sq.ft. the lotto earns $112,000 a year in commission; Western Unions makes $36,000 a year in commission. The store has beer, cigarettes, ATM,etc. Check cashing and bill payment should also be introduced. It is a 100% absentee owner business; the seller has several businesses, so it is hard for her to monitor the business. It is a neighborhood store; one can imagine from the earnings of lotto and Western Union: a heavy foot traffic. If a new buyer wants to work by himself, then this is the best business for him. The seller's net cash flow, after paying all the expenses, is over $90,000 a year. Seller's financing is also available. Call the broker for further information at 1-877-735-5224.

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.

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.