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Convenience Business In New York For Sale

New York, US
Asking Price:
$450,000
Sales Revenue:
$950,000
Cash Flow:
$180,000

LISTING ID # 34898

A 50 year old market type convenience store is located on a busy strip mall on Long Island. The seller owns it for 30 years; 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 personal situation, the seller has reduced the store hours a lot: closes at 9pm. The business has lotto(Quick Draw too), beer, cigarettes, vape, ATM, breakfast & lunch, etc. The business has its own parking facility. A very attractive location, a long lease, and loyal clientele over a period of 30 years. The seller's net cash flow, after paying all the expenses, is $180,000 a year. Call Syed Ahmed for more information.

Business Operation

Reasons for selling:

Retirement

Employees:
3 FT/2 PT
Years established:
50

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$75,000
Inventory / Stock value:
$50,000