Convenience Store in Suffolk County, NY - 26022

Not Disclosed, NY
Suffolk County

Asking Price: Annual Revenue:
$325,000 $940,000

Food & Beverage: Convenience Stores

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RE: Convenience Store in Suffolk County, NY - 26022 Broker: Syed Ahmed

Quick Facts

Asking Price: $325,000
Annual Revenue: $940,000
Net Profit: Not Disclosed
Cash Flow: $233,304
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 22
Employees: 6
BBN Listing #: 70294447
Broker Reference #: 26022

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Business Overview:

Suffolk County market-type convenience store, established & owned almost 20 years by same owner. This store sells groceries, Boars Head meats and sandwiches, cold beer & soda, and much more. There is also a separate section for ice cream and Italian ices, with a serving window. Business includes all stock, except lotto. There are no other food stores in the area to compete with. There is a separate living quarters for the owner or manager as well. Great location to build 7/11 and Dunkin Donuts. Located near the water with plenty of boats and hundreds of homes. This store opens 5:30am and closes at 10:00pm, but it can be open 24 hours and still do very well. Buyer can open all night and add bait & tackle, offer hot dogs & burgers, or pizza & fried chicken. The sky is the limit! This very profitable business is offering a ten year lease with a very reasonable rent, or it can be purchased with property for an additional $850,000. Price for business with property would be $1.3 for all. Includes $1,800 income for apartments. This store also has 2 apartments above store with $2,000 per month rent. Property tax only $6,000 per year. Tax returns for the last 3 years show over $800,000. BUYERS MUST PRESENT PROOF OF FUNDS, SELLER WILL HOLD NOTES! Buyer must have at least $300,000 down for business or at least $500,000 down for business & property.

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Reason for Selling:

The seller is extremely ill; has cancer.

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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