Financing: $350,000.00 Down and negotiable
Reason for Selling:Owner is involved in many other business, so he can't run this one!
This convenience store, with a nationally known sandwich franchise, is located in the midst of the academic, commercial and residential areas on Long Island. Rent is just 5800 a month, with 30 years long lease, and also with an option to buy the property through the seller. The whole lot consists of 6400 sq.ft, with the store encompassing 3000 sq.ft., a complete lay-out of a 7/11 type store. Store does $ over one million in gross sale a year, lotto brings over $900,000 in gross sale a year;it also has quick-draw. The sandwich business earns $109500 in gross sale a year. According to the verifiable documents, the yearly net cash flow, after deducting all the expenses, is $254,000. The asking price includes all the inventory, except lotto. The owner, because of his business in other matters, is willing to finance. Caveat: the owner is extremely particular about the proof of funds. This business will soon be sold, so hurry up and call Syed at 631-265-7300.
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
