Card and Gift Store for Sale in Long Island, NY - Established Opportunity - 37479 Business Type: convenience store,general merchandise store,card shop/stationery store
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $95,000 | Down Payment | $95,000 |
| Gross Revenues | $500,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $60,000 | Number of FT Employees | Register Free to View |
Financing
$95,000 Down and
Business Description
This card and gift store, located in a well-off neighborhood in Long Island, NY, has been successfully operated for 30 years. The owner is now looking to retire, presenting a unique opportunity for a buyer. With no competition in the area, this business has significant potential for conversion into a smoke shop, as there are currently no smoke shops nearby.
The store benefits from a favorable rental agreement, with a monthly rent of just $1,777 and a lease term of 13 years. Additionally, the store generates $3,000 a month in lottery commission. The seller is offering the business for sale, which includes inventory valued at over $20,000. This combination of low rent and spacious premises makes it an ideal opportunity for a first-time smoke shop buyer.
After all expenses are paid, the seller enjoys a net cash flow of $5,000 per month. This is a profitable setup for new ownership, with a smooth transition possible due to the established customer base and operational history.
For more information, please call Syed Ahmed at 631-374-7686.
In addition, please register with the listing number above by going to vestedbb.com.
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.
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