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Asking Price$500,000
Revenue$1,633,000 Established1946
Cash Flow$250,370 Employees6 full, 3 part
FF&E$25,000* FranchiseNo
Inventory$10,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This 80 years old convenience & deli is located on one of thebusiest roads on Long Island. the surrounding area is considered to be one of the richest areas in US; therefore, the profit margin is very high. The sellers owns it for 31 years; they own the property too : size of the property is  one and a half acres: taxes are $6,000 a year. They want to retire. Weekly gross sales is between $31,000 to $35,000. Sellers are willing to sell the business for $500,000, with $300,000 as a down payment. Seller are willing to finance. Even for property, with 20% as a down payment; sellers will hold a mortgage: $1.625 millions for the property. Sellers' net cash flow, after paying all the expenses, is $250,000 a year. Business is at a great location, without any competition from the neighborhood. Proof of funds is a must. 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.
Training/Support:Seller will train
Seller Financing:$300,000.00 Down and seller will discuss terms
Sale Reason:retiring
Ad #87775
Seller Reference #28700
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Syed Ahmed
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