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Asking Price$225,000
Revenue$336,406 Established1971
Cash Flow$107,407 Employees1 full, 3 part
FF&EUndisclosed* FranchiseNo
InventoryUndisclosed* RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
Card & Gift Store - LOTTO Sales of $1,500,000 Million. The current owner has been running this store on an absentee basis and is having a family dispute with his manager that is causing the sale. This store is nestled in a busy shopping center in the middle of a residential neighborhood. LOTTO sales alone were over $1,500,000.00 in the past year. That translates to commissions of $90,000.00. This is a 2,000 sq. ft. store that has been recently renovated. They specialize in collectible gift items, stationery and 50% greeting cards. There is no other direct competition to this store within a 2 mile radius. There are 11 years remaining on the lease with a rent of $4,300/mth. for a spacious 2,000 sq. ft. store. In addition to LOTTO profit, the store had Gross Sales of approximately $365,000.00 in the past year, with a Total Net Income of approximately $107,407.00 (includes LOTTO Commissions, ATM, Cigs., etc.). There is an opportunity to expand with more collectibles, cell phones, more soft drinks, ice cream, etc. You WILL NOT find a better card and gift store on the market. Call or email Mel Vaz today to learn more at 631-909-1095 or melvaz@vestedbb.com.
Seller Financing:.
Sale Reason:Family dispute.
Ad #88197
Seller Reference #28744
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Melvin L. Vaz
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