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Established Bagel/convenience Store In New York For Sale

New York, US
Asking Price:
$550,000
Sales Revenue:
$960,000
Cash Flow:
$175,000

A 2600 sq. ft. Bagel store and full-fledged convenience store is located in a crowded area in Richmond County, New York. The bagels are prepared and baked on the premises.
Lotto earns over $6,000 a month in commission, which covers the monthly rent. The business includes lotto, beer, EBT, ATM, a fully-equipped deli, and several other items. It also has a basement, making the total occupied area 3500 sq. ft. The business also has enough space to add a Taco Bell or any other similar business. Also has an excellent parking lot.

Once-in-a-lifetime opportunity to buy this kind of business with low rent, spacious with its own parking space, and in overly busy area. After paying all the expenses, the seller's net cash flow is $175,000 a year.

Business Operation

Reasons for selling:

Personal

Employees:
3 FT/3 PT
Years established:
30

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$150,000
Inventory / Stock value:
$70,000