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Business for Sale Summary

Established Convenience Store - 26022

Business Type: retailing businesses,delicatessen/catering services,general merchandise store,special situations,illness forces sale!,business with property available,seller financing available,convenience store
Owner Financing
Established Convenience Store
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Financial Information (non-confidential)

General Information
Asking Price $425,000 Down Payment $300,000
Gross Revenues $940,000 Lease Remaining Register Free to View
Owner’s Cash Flow $233,304 Number of FT Employees Register Free to View

Financing

$300,000 Down and Negotiable

Business Description

Suffolk County market type convenience store established & owned almost 20 years by same owner. This store sells groceries, Boars Head meats and sandwiches, cold beer & soda, and much more. There is also a separate section for ice cream and Italian ices with a serving window. Business includes all stock except lotto. There are no other food stores in the area to compete with. There is a separate living quarters for the owner or manager as well. Great location to build 7/11 and Dunkin Donuts. Located near the water with plenty of boats and hundreds of homes. This store opens 5:30 am and closes at 10:00 pm but it can be open 24 hours and still do very well. Buyer can open all night and add bait & tackle, offer hot dogs & burgers, or pizza & fried chicken. The sky is the limit! This very profitable business is offering a ten year lease with a very reasonable rent or it can be purchased with property for an additional $850,000. Price for business with property would be $1.3 for all. Includes $1800 income for apartments. This store also has 2 apartments above store with $2000 per month rent. Property tax only $6k per year. Tax returns for the last 3 years show over $800k. BUYERS MUST PRESENT PROOF OF FUNDS, SELLER WILL HOLD NOTES! Buyer must have at least $300k down for business or at least $500k down for business & property.

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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.