Financing: $240,000.00 Down and $40,000.00 over 24 months @ 6%
Reason for Selling:The two partners are ready to retire after running this store for 20 years.
This Manhattan-based Mailbox, Shipping/Postal & Business Service Center was established in 1996 by its 2 founders, who run it on a semi-absentee basis (each of them is there a mere 20 hours/week) with the assistance of 2 dependable full-time employees. The storefront is extra-wide and faces an avenue with an UES address that appeals to the 120 plus customers renting mailboxes there. The lease for 1008 square feet runs through 2032 -- that's another 16 years for you. In about a year, the base rent re-sets to $10,000/month and then escalates at just 3% a year for the next 15 years. Convenient personal and business services include shipping, copying, faxing, packing, and the selling of related supplies. This business would be perfect for a couple to run full-time together, thus eliminating the payroll expense of at least one of the current full-time employees. The store is closed on Sundays. If you move quickly, you can acquire this business in time for for its holiday season peak.
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