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Business for Sale Summary

Queens County, NY Discount Retail Store For Sale - 28500

Business Type: apparel and accessory store,convenience store,general merchandise store,gift and specialty retail,misc. retail/non-classifiable,retailing businesses
Queens County, NY Discount Retail Store For Sale
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Financial Information (non-confidential)

General Information
Asking Price $790,000 Down Payment $715,000
Gross Revenues $1,250,000 Lease Remaining Register Free to View
Owner’s Cash Flow $245,000 Number of FT Employees Register Free to View


$715,000 Down and 75,000 at 7% over 24 Months

Business Description

Beautifully built new store (opened Q4 2015) on main avenue with 60ft store frontage. No expense spared. Long lease with below market rent and building improvements of over 250K. 5,000 sqft basement storage along with 500 sqft 2nd floor. The owner built the store to be a powerhouse location with sale over 2 million and net of 550K . However, recent new copycat and far inferior competition has bought the sale down to approx. 1.25 Million and net approx. 250K. At these new figures the owner is no longer motivated. A new owner with strong management can easily bring the net to around 300K a year. They carry the best products in the cleanest store around. The sale will continue to grow overtime as the store is building a strong clientele in the community. The store carries many branded Health & Beauty items and other goods that our competitors do not. All merchandise in store is branded and fast moving unlike many stores that are quite frankly filled with knick knacks that don't really sell. Average customer transaction is very high which is not typical of dollar stores thanks to the quality merchandise and buildout. 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.