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Asking Price$199,000
Revenue$328,725 Established2011
Cash Flow$53,000 Employees2 full-time
FF&E$25,000* FranchiseNo
Inventory$5,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Profitable retail Convenience business, consisting of an attractive Kiosk in a major indoor commercial mall in Westchester County, New York. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate other than the standard municipal licenses. This company has two full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $3,800. The business has an assignable commercial lease which expires 2022-01-01, plus additional options, with a monthly rent of $6,364 which includes all utilities, etc., cost per square foot is estimated at $99.00 and rent security of approximately $25,000. The business is in an indoor commercial mal, on an active county road, consists of approximately 300 square feet and has an estimated capacity of hundreds of walk by customers. The business fixed assets has an estimated value of approximately $25,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail store, which includes, required licenses, web site, social media venues, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. This successful retail C Store business operation is active seven days per week, with hours from 9:30 am to 9:30 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The 2017 yearly gross income is $328,725 and the business has a yearly net income of approximately $53,000 based on a semi absentee owner operator and prior to any debt service. The business has been valued / priced at $199,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable, safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This successful retail business consists of a Kiosk in a highly active indoor commercial mall, approximately 300, square feet with a modern professional appearance. The business is in huge commercial mall with various other active and successful businesses. This opportunity is in Southern New York, Westchester County, which consists of various affluent and highly populated communities with continued demand for this industry.
Competition:Regarding competition, non-compete with landlord in commercial lease agreement, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.
Training/Support:Although the owner is absentee, he will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Seller financing is available to a qualified buyer.
Sale Reason:The sale is due to the owner’s absenteeism.
Ad #100359
Seller Reference #CSTR177
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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