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Busy Queens Convenience Store For Sale

Queens County, New York, United States
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Asking Price$160,000
Revenue$305,500 EstablishedUndisclosed
Cash Flow$72,505 Employees2 full-time
FF&E$29,000* FranchiseNo
Inventory$20,000* RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
This twenty five years old convenience store is located on one of the busiest roads in Queens. The area is heavily commercialized; the walking traffic is unstoppable, so the business is great. The store has lotto, beer, cigarettes, money gram, ATM, cards & gifts, etc. Only lotto makes $65,000 in commission a year; money gram earns $15,000 a year in commission. Rent is just $3,000 a month, with 10 years lease; its size is 1700 sq. ft. Seller has a full-time job with a hospital, so he is unable to focus on this business. He is willing to finance, with 50% as a down payment. A great opportunity for a couple who want to run by themselves. Seller's net cash flow, after paying all the expenses, is $6,000 a month. Call Syed at 631-374-7686 for more information.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.
Seller Financing:$80,000.00 Down and 7% over 48 months
Sale Reason:100% absentee
Ad #87960
Seller Reference #28716
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Syed Ahmed
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