Business Overview:
Currently operating 7 days per week. Steady revenue. 2,300 SF Ground, no basement, 2 storage rooms on the ground floor, low rent. Asking $720,000 for key money. Motivated seller. Lots of potential to grow with proper management and/or experienced operator.
This business has 2 franchise trade names operating simultaneously: Benjamin Moore & True Value.
Both partners want to retire and spend more time with their grandchildren.
Must contact the exclusive broker for details and to show & must be discreet during all showings. For showings and questions, contact Thomas Lee.
As per seller's request, under no circumstances should you inquire about this business sale with any of the restaurant employees. Anybody who violates this request will automatically be disqualified from the bidding process.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Located in the heart of Murray Hill District. Very close to public transportation as well as taxis. Conveniently located to all shopping centers, theaters, NYU hospital, public library, etc.
2,300 SF Ground, no basement, 2 storage rooms on the ground floor, low rent, asking $720,000 for key money. FF&E and inventory will be calculated separately from the key money in the chattel list prepared by the seller upon an accepted offer.
Upon request, the sellers will provide training to the new buyer. The terms will be negotiable after one month.
Market Competition and Expansion:
Lots of potential to grow with proper management and/or experienced operator.
This hardware store has 2 franchise trade names operating together simultaneously: Benjamin Moore & True Value.
Reason for Selling:
Retiring to spend time with grandchildren.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: