Deli, C-Store and Grocery Queens County, NY 30550

Not Disclosed, NY
Queens County

Asking Price: Annual Revenue:
$635,000 $1,300,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Deli, C-Store and Grocery Queens County, NY 30550 Broker: Melvin Vaz
Owner Financing is Available!
$500,000.00 Down & $135,000 over 3 years @ 6% for a qualified buyer with good credit.

Quick Facts

Asking Price: $635,000
Annual Revenue: $1,300,000
Net Profit: Not Disclosed
Cash Flow: $235,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 5
BBN Listing #: 67084447
Broker Reference #: 30550

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Business Overview:

High Volume Deli, Convenience-Store and Grocery Established 100 Years. This is a landmark business in an affluent area of Northern Queens. There have only been a handful of owners of this business over the past 100 years. In fact, the current owner has been here for over 35 years. He is finally ready to move on to his next opportunity. This is a spacious 2,200 square feet store with a full 2,200 square feet basement. The business offers a full deli, grocery and convenience items. The owner of the business is the landlord and he is willing to offer up to a 25 YEAR LEASE FOR A QUALIFIED BUYER. HE WOULD ALSO INCLUDE A FIRST RIGHT OF REFUSAL ON THE SALE OF THE BUILDING. The rent and lease terms are negotiable depending on the buyer's offer terms. They currently average approximately $25,000 - $30,000 per week in sales with gross sales of approximately $1,300,000.00 last year with a net cash flow of approximately $235,000.00. The current owner only works approximately 14 hours per week in the store. The business is fully staffed with 5 Full Time employees. Payroll is approximately $4,000/week (OVER $200,000/Year). That can be reduced with an owner /operator or family operator. We are seeking a serious and financially qualified buyer with at least $564,000 in liquid funds to cover the downpayment and approximately $50,000 in inventory and $14,000 in rent security. To learn more, please contact Mel Vaz today or email us. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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Reason for Selling:

Moving on to other opportunities after 35 years.

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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