Beautiful Card and Gift Store For Sale

Queens County, NY

Asking Price: Annual Revenue:
$325,000 $550,000

Retail: Florists, Gifts, Cards, Books

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RE: Beautiful Card and Gift Store For Sale Broker: Melvin Vaz
Owner Financing is Available!
$75,000 over 4 years at 8%.

Quick Facts

Asking Price: $325,000
Annual Revenue: $550,000
Net Profit: Not Disclosed
Cash Flow: $123,889
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1949
Employees: 1
BBN Listing #: 5334447
Broker Reference #: 14053 Vaz

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Business Overview:

Beautiful Card & Gift Store for sale in Queens. Lotto sales alone were over $800,000 (without Quick Pick). They offer high-end collectible gift items as well as greeting cards, cigarettes, phone cards, stationery and much more. The owner is also the landlord. For this 1,850 square feet store he is willing to offer a 15 year lease with only 2% rent increases and only one month's rent as security. This is a very large space with substantial room for growth. You could easily add money orders and Western Union. In fact, this store can be split to add a convenience store with beer. It also has a full 1,850 square feet basement. In 2008 the store had Lotto commissions of $50,000, Gross Sales of approximately $550,000, and a Net Income of approximately $117,289 (with a full time owner/operator). You Will Not find a better card and gift store on the market.

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Reason for Selling:

owner is relocating

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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