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Business for Sale Summary

Mailbox Rental, Packing & Shipping Store on UES - 27743

Business Type: business/office supplies,misc. retail/non-classifiable,freight moving/delivery/storage/warehousing,misc. servicel/non-classifiable,other business services,best deals!,new to market,mailbox/postal business solutions
Mailbox Rental, Packing & Shipping Store on UES
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Financial Information (non-confidential)

General Information
Asking Price $210,000 Down Payment $210,000
Gross Revenues $350,000 Lease Remaining Register Free to View
Owner’s Cash Flow $100,000 Number of FT Employees Register Free to View

Financing

$210,000 Down and

Business Description

This Upper East Side Mailbox Rental, Packing & Shipping, Internet Service, Copying, Faxing, and Full Mailroom Services store was established in 1996. Its 2 founders, both 74 years old, now run it on a semi-absentee basis (20 hours/week each) and are quite ready to retire. They have 2 very dependable full-time employees, who would like to stay on. This business would be perfect for a couple to run full-time together, which could eliminate the payroll expense of at least one of the employees, thus adding to your bottom line. The lease for 1008 square feet runs through 2032. The rent is $10,000/month, which escalates at just 3% a year for the next 15 years. The storefront is extra-wide and faces an avenue with an UES address that appeals to the 120 plus customers renting mailboxes there. The scaffolding in front of the store is due to come down in the next couple of months after 4 years of obstructing the view. This will boost visibility and sales should begin to rise again. The store is closed on Sundays. Please contact the listing broker for an appointment to meet with the sellers.

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.

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.