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Business For Sale
TOY STORE EST. 1959 WITH ORIGINAL OWNER FAMILY
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Asking Price: |
$425,000
USD USA Dollars
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Business for Sale Industry: |
Retail: Florists, Gifts, Cards
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Reason for Selling:
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seller has another store in Westchester |
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Year Established:
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1959 |
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# of Employees:
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5 |
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Yearly Revenues:
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$500,000 |
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Yearly Cash Flow:
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$125,000 |
Business for Sale Overview:
Established in 1959, this toy store is being managed by the 3rd generation of the original owner. In addition to toys, they sell video games, cards, and stationery. As with most toy stores, a large percentage of sales comes during October-December coinciding with the holiday season. This store has an excellent location in a nice safe section of the Bronx. A new buyer can get a 10 year lease and the lease doesn’t have any restrictions on what can be sold there.
Property Features and Assets:
2,000 sq ft of space, full basement for storage, located in a prime spot near 2 bus stops, a train station and a taxi stand.
Market Competition and Expansion:
In business for 48 years at this location, this store is very well known. The store used to do over $1,000,000 so it could easily do that again.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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