1. Home
  2. Businesses for Sale
  3. New York
  4. Retailing Businesses
This Business has been Sold!
Closing Date: 03/07/2011
Broker: Syed Ahmed

Business for Sale Summary

Convenience Store in Great Location - 18368

Business Type: retailing businesses,convenience store,delicatessen/catering services,general merchandise store,other eating & drinking places,other food stores,supermarket
Sold
Convenience Store in Great Location
On March 7th 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 $99,000 Down Payment $60,000
Gross Revenues $524,000 Lease Remaining Register Free to View
Owner’s Cash Flow $76,100 Number of FT Employees Register Free to View

Financing

$60,000 Down and Negotiable

Business Description

This attractivey-located convenience store is located on a very, very busy road in Manhattan. The seller owns it for twenty long years. It is an absentee owner business. The manager, who has been running it for sixteen years, must leave it very soon. The owner, who lives in Suffolk County, can't commute it on a daily basis, because of his physical problem. So, the seller has no choice, but to sell it. The surrounding area has a plenty of night clubs, and a college in the neighborbood, so the business sells a lot of single beer, giving a huge profit margin on a single bottle. The store is equipped with lotto, beer, cigarettes, coffee & breakfast, etc. The seller's net cash flow, after paying all the expenses, is $70,000 a year. Owner's financing is also available. A great buying opportunity for a would-be buyer, who never had any business in the past, but wants to try with a guranteed success! 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.