Business For Sale

Card & Gift Store - LOTTO Sales of $1Million 22827

Suffolk County, NY
Suffolk County


Asking Price: Annual Revenue:
$175,000 $192,000

Retail: Florists, Gifts, Cards, Books


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RE: Card & Gift Store - LOTTO Sales of $1Million 22827 Broker: Melvin L. Vaz
Owner Financing is Available!
$110,000 down & $65K over 3 yrs. @ 6%

Quick Facts

Asking Price: $175,000
Annual Revenue: $192,000
Net Profit: Not Disclosed
Cash Flow: $75,140
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 2
BBN Listing #: 11574447
Broker Reference #: 22827

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Business Overview:

Great Card & Gift Store for sale in affluent N. Shore Suffolk County town. LOTTO sales alone were approx. $1 million in 2012. The current owners have been here for 25 years. The sale price INCLUDES approx. $90,000.00 in current inventory. They specialize in collectible gift items as well as FULL PRICE greeting cards (NOT 50% Cards). The shopping center has ample parking and foot traffic in warmer weather. The store is 1,000 sq. ft. including a full 1,000 sq. ft. basement. There are 15 years left on the lease with rent of ONLY $2,000/mth. In addition to the 2012 LOTTO profit of $58,500.00, the store had Gross Sales of approximately $202,000.00 in 2012, with a Net Income of approximately $75,000.00 (includes LOTTO Commissions). There is big upside with the store as they do not offer ATM, Bill Pay, T-Mobile, soda, coffee, ice cream etc. There are no restrictions against these items in the lease. This is ONE OF THE BEST DEALS ON THE MARKET TODAY!

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Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is 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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