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Established Bagel & Convenience Store In New York For Sale

New York, US
Asking Price:
$1,100,000
Sales Revenue:
$1,800,000
Cash Flow:
$380,000

LISTING ID # 36355

We are excited to present a new listing: a well-established bagel and convenience store just one block from the beach. This is an incredible opportunity to elevate an already thriving business. Established for 33 years, this store generates $55K in weekly revenue during the summer months, serving as the go-to destination for beachgoers. Even in the winter, it continues to perform strongly, with weekly revenues of $35K. The store is a neighborhood staple, offering a wide range of products, including bagels, cigarettes, beer, sandwiches, ice cream, ice, snacks, and more. With a spacious 3,500 sq. ft. location and an attached parking lot, there is ample room for growth. The current owner works limited hours in the mornings but remains active in the business. Additionally, there is a manager in place who can take over operations, making this an ideal absentee investment. Don't miss this opportunity to own a versatile and profitable business in a prime location. To learn more, please contact the broker Joseph Ali.

Business Operation

Reasons for selling:

Seller is moving

Employees:
5 FT/5 PT
Years established:
33

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

600,000.00 Down & $500k for 48 months @ 7%

Inventory / Stock value:
$40,000