A 50-year-old market-type convenience store is located on a busy strip mall on Long Island.
The seller has owned it for 30 years; and wants to retire. Lotto makes $110,000 in commission a year; this convenience store does over $70,000 a month in gross sales.
Because of the seller's situation, the seller has reduced the store hours a lot: closes at 9 pm. The business has lotto(Quick Draw too), beer, cigarettes, vape, ATM, breakfast & lunch, etc. The business has its parking facility.
A very attractive location, a long lease, and a loyal clientele of over 30 years. The seller's net cash flow, after paying all the expenses, is $180,000 a year.