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This Business has been Sold!
Closing Date: 07/02/2012
Broker: Syed Ahmed

Business for Sale Summary

Manhattan Convenience Store - 21760

Business Type: retailing businesses,bakers & confectioners,convenience store,general merchandise store,card shop/stationery store,special situations,absentee business,new to market
Manhattan Convenience Store
On July 2nd 2012, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, Suffolk 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 $150,000 Down Payment $150,000
Gross Revenues $770,000 Lease Remaining Register Free to View
Owner’s Cash Flow $81,100 Number of FT Employees Register Free to View


$150,000 Down and

Business Description

This attractively-located convenience store is situated at one of the busiest roads in Manhattan. It is equipped with lotto, beer, cigarettes, newspapers & magazines, coffee, etc. It also sells metro and pre-paid calling cards. The gross sale per each week is $14, 000; the present owner, due to religious reasons, does not want to sell food items. A new owner, due to a great location, may add different kinds of food items. It is a 100% owner absentee business. The lady owner owns it for seven years; now, she wants to move to another state. The seller's net cash flow, after paying all the expenses, is over $80,000 a year. The business is located within the hub of Manhattan, so one can imagine the steady flow of the business. Don't miss this great business opportunity for a person who would like to run by himself. At present, the employees are running the business. The seller is also particular about the proof of funds, before she would like to engage in any negotiation. Call Syed at 631-265-7300for more information and the address.

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.