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This Business has been Sold!
Closing Date: 06/10/2011
Broker: Syed Ahmed

Business for Sale Summary

Convenience Store and Sandwich Franchise - 16922

Business Type: retailing businesses,fast food franchise,other eating & drinking places,other food stores
Sold
Convenience Store and Sandwich Franchise
On June 10th 2011, 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 $550,000 Down Payment $350,000
Gross Revenues $1,089,500 Lease Remaining Register Free to View
Owner’s Cash Flow $257,595 Number of FT Employees Register Free to View

Financing

$350,000 Down and negotiable

Business Description

This convenience store, with a nationally known sandwich franchise, is located in the midst of the academic, commercial and residential areas on Long Island. Rent is just 5800 a month, with 30 years long lease, and also with an option to buy the property through the seller. The whole lot consists of 6400 sq.ft, with the store encompassing 3000 sq.ft., a complete lay-out of a 7/11 type store. Store does $ over one million in gross sale a year, lotto brings over $900,000 in gross sale a year;it also has quick-draw. The sandwich business earns $109500 in gross sale a year. According to the verifiable documents, the yearly net cash flow, after deducting all the expenses, is $254,000. The asking price includes all the inventory, except lotto. The owner, because of his business in other matters, is willing to finance. Caveat: the owner is extremely particular about the proof of funds. This business will soon be sold, so hurry up and call Syed at 631-265-7300.

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.