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This Business has been Sold!
Closing Date: 05/04/2012
Broker: Syed Ahmed

Business for Sale Summary

Busy Grocery and Deli - 19923

Business Type: retailing businesses,convenience store,delicatessen/catering services,general merchandise store,green grocers / fruit sellers,other eating & drinking places,other food stores,supermarket
Sold
Busy Grocery and Deli
On May 4th 2012, 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 $100,000 Down Payment $100,000
Gross Revenues $430,000 Lease Remaining Register Free to View
Owner’s Cash Flow $84,000 Number of FT Employees Register Free to View

Financing

$100,000 Down and TBD

Business Description

This grocery and deli business is located in the midst of a very busy neighborhood in Queens. The business is being conducted in a non-competitive environment, as it is the only place that caters to the people of the neighborhood. The business sells cigarettes, beer, breakfast, ATM, lunch, pre-paid calling cards and other types of merchandise for daily use. Inside, the store is neat, clean and extremely well-maintained. There is a grill and exhaust system installed inside the store: an opportunity for a new buyer to start many new food items. It is a ten year-old business. Gross sale is between $1200 and $1400 a day; rent is only $2750 a month; size is 1250 sq.ft. Owner's net cash flow, after paying all the expenses, is $7,000 a month. It is a great opportunity for a person who wants to run a family business. It is an absentee owner business. The owner must sell due to personal reasons. Don't miss this great business opportunity in Queens! Owner must see a proof of funds! Call Syed at 631-265-7300 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.