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Well Established Market In New York For Sale

New York, US
Asking Price:
$475,000 Inventory / Stock included
Sales Revenue:
$1,210,000
Cash Flow:
$251,000

LISTING ID: 34709

This 30-year-old deli & convenience store is located in a very prosperous neighborhood on Long Island. There is also an option to buy the property. Its gross sale are 1.2 million a year. The business has beer, cigarettes, ATM, breakfast & lunch, etc. Seller financing is available. The seller, who lives in Queens, now finds it hard to commute on a daily basis. As per Town policy, no other deli or convenience store will be allowed to open in the area. It is a freestanding building with its own parking facility. An affluent neighborhood has the option to buy the property for $550,000, and seller financing is available. The seller's net cash flow, after paying all the expenses, is over $250,000 a year.

Business Operation

Reasons for selling:

Personal

Employees:
4 FT/5 PT
Years established:
30

Other Information

Support & training:

Seller will train

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

275,000.00 Down & A note of $200,000 at 6% for 36 months.

Furniture / Fixtures value:
$110,000
Inventory / Stock value:
$20,000 - included in the asking price