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Asking Price$420,000
Revenue$940,000 Established1992
Cash Flow$233,304 Employees2 full, 4 part
FF&E$40,000 FranchiseNo
Inventory$26,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Suffolk County market type convenience store established & owned almost 20 years by same owner. This store sells groceries, Boars Head meats and sandwiches, cold beer & soda, and much more. There is also a separate section for ice cream and Italian ices with a serving window. Business includes all stock except lotto. There are no other food stores in the area to compete with. There is a separate living quarters for the owner or manager as well. Great location to build 7/11 and Dunkin Donuts. Located near the water with plenty of boats and hundreds of homes. This store opens 5:30 am and closes at 10:00 pm but it can be open 24 hours and still do very well. Buyer can open all night and add bait & tackle, offer hot dogs & burgers, or pizza & fried chicken. The sky is the limit!This very profitable business is offering a ten year lease with a very reasonable rent or it can be purchased with property for an additional $850,000. Price for business with property would be $1.3 for all. Includes $1800 income for apartments. This store also has 2 apartments above store with $2000 per month rent. Property tax only $6k per year. Tax returns for the last 3 years show over $800k. BUYERS MUST PRESENT PROOF OF FUNDS, SELLER WILL HOLD NOTES! Buyer must have at least $300k down for business or at least $500k down for business & property. Call 1-877-735-5224 for more information.
Training/Support:Seller willing to train new owner.
Seller Financing:$300,000.00 Down and Negotiable
Sale Reason:The seller is extremely ill; has cancer.
Ad #66458
Seller Reference #26022
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Syed Ahmed
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