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This Business has been Sold!
Closing Date: 01/24/2021
Broker: Syed Ahmed
Business for Sale Summary

C-Store for sale in Suffolk County - 33746

Business Type: business with property available,delicatessen/catering services,misc. retail/non-classifiable,owner financing available,convenience store
Sold
C-Store for sale in Suffolk County
On January 24th 2021, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Nassau County, NY
Suffolk County, NY
Kings County, NY
Bronx County, NY
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.

Financial Information (non-confidential)

General Information
Asking Price $799,000 Down Payment $400,000
Gross Revenues $1,616,000 Lease Remaining Register Free to View
Owner’s Cash Flow $325,000 Number of FT Employees Register Free to View

Financing

$400,000 Down and $399,000 at 7.5% for 5 years

Business Description

This 20 years old convenience store and a deli is located in an extremely busy neighborhood on Long Island. Seller is selling it with property. He wants to sell the property for $425,000. Its gross sale is $33,000 a week; the business is on an independent lot; has its own parking lot. It has lotto, beer, cigarettes, ATM, breakfast and lunch, etc. The business is close to a very busy beach, so the business is always stable and constant. Seller is willing to hold a mortgage and a note, with 50% as a downpayment . It is once in a life time opportunity to buy such profitable business in which seller is financing. Seller's net cash flow, after paying all the expenses, is $325,000 a year. Do not miss this great business opportunity. Call Syed at 631-374-7686 for more 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.