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Business for Sale Summary

Convenience Store - 26090

Business Type: retailing businesses,convenience store,delicatessen/catering services,general merchandise store,special situations,new to market
Convenience Store
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Financial Information (non-confidential)

General Information
Asking Price $150,000 Down Payment $150,000
Gross Revenues $596,800 Lease Remaining Register Free to View
Owner’s Cash Flow $99,904 Number of FT Employees Register Free to View

Financing

$150,000 Down and TBD

Business Description

This forty-five years-old business is located on one of the busiest roads in Queens. Rent is just $1700 a month, with a long lease. Its gross sale is $11,000 a week; lotto earns $2200 a month in commission. It is equipped with lotto, beer, cigarettes, EBT, ATM, breakfast, and lunch, etc. Its ATM makes $700 a month in commission. As it is near a school, so the business, during school hours, is extremely busy. Breakfast and lunch also do very well. The seller owns it for eight years; now he wants to pursue another kind of business. The seller's net cash flow, after paying all the expenses, is $7,000 to $8,000 a month.

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.