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Asking Price$175,000
Revenue$192,000 Established1985
Cash Flow$75,140 Employees2 full, 2 part
FF&E$75,000 FranchiseNo
Inventory$90,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Great Card & Gift Store for sale in affluent N. Shore Suffolk County town. LOTTO sales alone were approx. $1 million in 2012. The current owners have been here for 25 years. The sale price INCLUDES approx. $90,000.00 in current inventory. They specialize in collectible gift items as well as FULL PRICE greeting cards (NOT 50% Cards). The shopping center has ample parking and foot traffic in warmer weather. The store is 1,000 sq. ft. including a full 1,000 sq. ft. basement. There are 15 years left on the lease with rent of ONLY $2,000/mth. In addition to the 2012 LOTTO profit of $58,500.00, the store had Gross Sales of approximately $202,000.00 in 2012, with a Net Income of approximately $75,000.00 (includes LOTTO Commissions). There is big upside with the store as they do not offer ATM, Bill Pay, T-Mobile, soda, coffee, ice cream etc. There are no restrictions against these items in the lease. This is ONE OF THE BEST DEALS ON THE MARKET TODAY! Call or email Mel Vaz today to learn more at 631-909-1095 or mvaz@vestedbb.com.
Training/Support:seller will train
Seller Financing:$110,000.00 Down and $65K over 3 yrs. @ 6%
Sale Reason:Moving on after 25 years
Ad #42267
Seller Reference #22827
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Melvin L. Vaz
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