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Business for Sale Summary

Known Convenience Business & Deli for sale in NY - 34862

Business Type: delicatessen/catering services,seller financing available,convenience store
Owner Financing
Known Convenience Business & Deli for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $390,000 Down Payment $250,000
Gross Revenues $960,000 Lease Remaining Register Free to View
Owner’s Cash Flow $150,000 Number of FT Employees Register Free to View

Financing

$250,000 Down and A note of $140,000 at 6% for 12 months

Business Description

A well-known convenience store & deli in the area, is located on an extremely busy road on Long Island. The seller owns it for 15 years. The nearby area is full of shopping malls.Its gross sale is $20,000 a week; lotto earns $3500 in commission a month. Has beer, cigarettes, ATM, breakfast & lunch, etc. 100% absentee owned. Rent is $4500 a month; 10 years lease. The seller has a serious health issue; physically, it is hard for him to run the business. Willing to finance.This is the only convenience store & deli in the whole neighborhood. An excellent location; low rent; a long lease; loyal clientele. The seller's net cash flow, after paying all the expenses, is $150,000 a year. 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.