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This Business has been Sold!
Closing Date: 03/27/2013
Broker: Syed Ahmed

Business for Sale Summary

Convenience Store - 21905

Business Type: retailing businesses,convenience store,general merchandise store,other eating & drinking places,other food stores,supermarket,special situations,best deals!,must sell/drastic price reduction!,new to market,seller financing available
Sold
Convenience Store
On March 27th 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 $99,000 Down Payment $99,000
Gross Revenues $545,000 Lease Remaining Register Free to View
Owner’s Cash Flow $62,440 Number of FT Employees Register Free to View

Financing

$99,000 Down and Cash

Business Description

This thirty year old supermarket is located on one of the busiest roads on Long Island. The business has its own free standing building, also having its parking lot for its clientele. The size of the store is 3000 sq ft, but if the parking lot is included, then it is 5000 sq ft. Rent is $3500, with a ten-year lease, with no increase in rent for three years. At one stage, the business earned $3500 a day in a gross sales, after that the owner died, and this cash cow went into the hands of the employees, who ruined the business. The business is equipped with quick-draw(lotto), beer, cigarettes, ATM, etc. The commission from lotto comfortably pays the rent, and its relatable expenses. The present seller is running as an absentee; the business needs a vigilant and hard-working owner, who knows how to turn it around to its maximum potential. The business has the capacity to include breakfast and lunch. Even under badly-managed supervision, the business is profitable. The seller's net cash flow, after paying all the expenses, is $5,000 a month. The seller is willing to finance. Call Syed at 631-374-7686 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.