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Business for Sale Summary

Card & Gift Store - LOTTO Sales of $1.5 MIllion - 28744

Business Type: absentee business,best deals!,new to market,card shop/stationery store
Card & Gift Store - LOTTO Sales of $1.5 MIllion
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Financial Information (non-confidential)

General Information
Asking Price $225,000 Down Payment $225,000
Gross Revenues $336,406 Lease Remaining Register Free to View
Owner’s Cash Flow $107,407 Number of FT Employees Register Free to View

Financing

$225,000 Down and None.

Business Description

Card & Gift Store - LOTTO Sales of $1,500,000 Million. The current owner has been running this store on an absentee basis and is having a family dispute with his manager that is causing the sale. This store is nestled in a busy shopping center in the middle of a residential neighborhood. LOTTO sales alone were over $1,500,000.00 in the past year. That translates to commissions of $90,000.00. This is a 2,000 sq. ft. store that has been recently renovated. 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. There are 11 years remaining on the lease with a rent of $4,300/mth. for a spacious 2,000 sq. ft. store. In addition to LOTTO profit, the store had Gross Sales of approximately $365,000.00 in the past year, with a Total Net Income of approximately $107,407.00 (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 or melvaz@vestedbb.com.

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.