Convenience Store - 22266

Queens County, NY
Queens County


Asking Price: Annual Revenue:
$170,000 $491,500

Food & Beverage: Convenience Stores


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RE: Convenience Store - 22266 Broker: Syed Ahmed

Quick Facts

Asking Price: $170,000
Annual Revenue: $491,500
Net Profit: Not Disclosed
Cash Flow: $62,995
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1972
Employees: 5
BBN Listing #: 53804447
Broker Reference #: 22266

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Business Overview:

This convenience store-cm-deli is located on one of the busiest roads in Queens. Rent is just $1,200 a month, with a twenty-year lease. Size of the store is 1,000 sq.ft. The business earns $2,000 a month, in commission, so the rental amount, and the other expenses are paid, through the lotto income. The store is laced with lotto, cigarettes, ATM, coffee, breakfast & lunch, along with the other items. It has a liquor license to sell beer, but the seller, due to his religious reason, does not want to sell beer and pork. Even with these two missing items, the gross sale is $1,300 a day. The seller, because of his religious restrictions, must sell the business. He is willing to finance as well. His net cash flow, after paying all the expenses, is $5,000 a month. It is also an absentee owner business. This is only one store in the neighborhood.

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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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