HS Listing ID-69988
Turnkey neighborhood convenience store located in the heart of Queens, New York, built from a previously empty space with over $160,000 invested in build-out, fixtures, and equipment.
The store spans approximately 900 square feet and operates under a favorable 10-year lease with a 5-year option, offering long-term stability for a new owner.
Currently absentee-owned, the store is operated by a single employee with limited hours (7AM–7PM), creating an immediate opportunity for a hands-on operator to increase revenue through expanded hours and improved merchandising.
This is an ideal opportunity for:
Owner-operators
Family-run operations
Partners looking for an entry-level retail investment
Buyers seeking a growth play in a high-density NYC neighborhood
Financial Overview
Asking price: $115,000
Monthly Rent: $3,550
Lease Term: 10 Years + 5-Year Option
Current Situation
Business is operating with limited hours and inexperienced staffing.
Owner works full-time elsewhere and cannot actively manage operations.
Rent arrears exist due to cash flow strain, creating urgency to sell.
Important Note
The current performance reflects under-management, not market limitation. The store is open fewer hours than typical NYC convenience stores and lacks fresh food offerings — both major revenue drivers in this market.
Inventory & Assets
Inventory Value: Approximately $30,000–$35,000 (Included in sale)
Assets Include:
Full shelving and retail display setup
Coolers & refrigeration units
POS system
Counters and fixtures
Fully built-out 900 sq ft retail space
Existing vendor relationships
Established neighborhood presence
The store is currently stocked primarily with snacks and basic convenience items, leaving room to expand into higher-margin categories.
Growth Potential
This opportunity is significantly under-optimized.
Immediate Value-Add Opportunities:
Extend operating hours to 6AM–10PM or later
Add fresh food (sandwiches, breakfast items, hot food)
Introduce lottery, beer (if permitted), tobacco expansion
Improve cooler merchandising and product mix
Add delivery apps or local delivery service
Implement stronger inventory management
The surrounding community has expressed demand for fresh food options, which could dramatically increase daily ticket averages.
An owner with approximately $20,000 in working capital to stabilize operations and improve product mix could reposition the store quickly.
Lease & Structure
- Rent: $3,550/month
- Lease: 10 years remaining + 5-year option
- Asset Sale
- Clean transfer upon closing
Ideal Buyer Profile
- Hands-on operator
- Husband & wife team
- Family business operators
- Retail-experienced entrepreneur
- Buyer looking to build sweat equity
Reason for Selling
The owner is pursuing other business ventures and is unable to dedicate the time required to properly manage and grow the store. A more active operator can immediately unlock upside.
Why This Makes Sense at $115,000
- Over $160,000 invested in build-out
- $30K–$35K inventory included
- Long-term lease
- Located in dense Queens neighborhood
- Immediate upside through operational improvements
This is a value-add, turnaround opportunity, not a stabilized passive investment
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
