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Business for Sale Summary

Nassau County, NY Established Convenience Store - 28586

Business Type: delicatessen/catering services,misc. retail/non-classifiable,other eating & drinking places,other food stores,supermarket,convenience store
Owner Financing
Nassau County, NY Established Convenience Store
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Financial Information (non-confidential)

General Information
Asking Price $210,000 Down Payment $170,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $80,000 Number of FT Employees Register Free to View

Financing

$170,000 Down and 40,000 at 7% over 24 Months

Business Description

This thirty years-old convenience store is located on one of the busiest roads on Long Island. Rent is just $3100 a month, with a long lease. The store is laced with lotto, beer, cigarettes, ATM, EBT, Western Union, pre-paid calling cards, numerous cell phone accessories, coffee, etc. It is a 100% absentee owner business. The business is a part of a heavily-populated area, so the clientele is always steady, and almost permanent. It also has a furnished basement, which is used for storing the merchandises. The seller must sell it, because he is moving to South Carolina. The business earns $35000 a month in gross sales. The seller's net cash flow, after paying all the expenses, is $7,000 to $8,000 a month. A first-time business buyer must buy this profitable business, which is situated at a great location. There are several Nassau county government offices like courts, main Hub of long Island Bus depo and more than 1000 car public parking. There is big project under review in planning department for 400 -500 renting apartments will be build on public parking. Daily Labors standing area, because this location on Main Street of Nassau county public sector there are several annually marching and ethnic walk take place. This location was known as lucky store for lotto due to first lotto store. Please call 1-877-735-5224 for further information

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.