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Business for Sale Summary

Thirty Yr. Old Convenience Store - 27941

Business Type: retailing businesses,general merchandise store,special situations,absentee business,convenience store
Thirty Yr. Old Convenience Store
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Financial Information (non-confidential)

General Information
Asking Price $220,000 Down Payment $220,000
Gross Revenues $587,000 Lease Remaining Register Free to View
Owner’s Cash Flow $85,340 Number of FT Employees Register Free to View

Financing

$220,000 Down and

Business Description

This thirty years-old convenience store is located on one of the busiest roads on Long Island. Rent is just $2900 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 North Carolina. The business earns $45000 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. It is 100% absentee owner business. Call 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.