AAA Convenience Store - 24830 Business Type: convenience store,absentee business,owner financing available
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $225,000 | Down Payment | $150,000 |
| Gross Revenues | $324,500 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $94,620 | Number of FT Employees | Register Free to View |
Financing
$150,000 Down and TBD
Business Description
This beautifully-located convenience store is situated on one of the busiest roads on Long Island. Rent is $2800 a month; its size is 1800 Sq.ft. Its lotto earns $112,000 a year in commission; Western Unions makes $36,000 a year in commission. It has no beer and cigarettes; as a new buyer adds these items, the revenues will increase, tremendously. Check cashing and bill payment should also be introduced. It is a 100% absentee owner business; the seller has a steady job in a laboratory, so it is hard for him to monitor the business daily. It is a neighborhood store; one can imagine from the earnings of lotto and Western Union, that the foot traffic is huge, so is the business. If a new buyer wants to work by himself, then this is the best business for him. The seller's net cash flow, after paying all the expenses, is 0ver $90,000 a year. Seller's financing is also available. Call Syed at 631-374-7686 for more information.
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.
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