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Fantastic Card & Gift Store (Over $1.7mil LOTTO)
Suffolk County, NY |
Listing #10966 |
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| Financial Information (non-confidential) |
| Asking Price |
$195,000.00 |
Gross Revenues |
$153,772.00 |
| Down Payment |
$165,000.00 |
Owner’s Cash Flow |
$110,904.00 |
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Financing: $165,000.00 Down and $30K over 3 years @ 8%
Reason for Selling:Serious Illness in the Family
Fantastic newly renovated card store on high traffic roadway in northern Suffolk County. Lotto sales alone were over $1.5 million in 2007. Lotto is expected to hit 2 million this year. Store sales were $166,000 in 2007 with a net of approx. $110,000. Excellent rent of only $2,844 per month with a 17 year lease. There is additional income from Western Union, Fax, and ATM. Future prospects for this business are excellent as there is a new office building to be built in next lot. This will only increase sales. This is a store that is well known in the community and you can walk in and take over with no work needed. It is completely turn-key. Owners are only selling due to a serious illness in the family. We are asking for serious buyers only. The store is ideal for an owner/operator of family. Sellers are serious and motivated. Call today to learn more. This store will go fast.
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Mel Vaz
Senior Business Broker
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Servicing Area:
All of NY
All of NJ
All of CT
All of MA
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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. |
1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |
