Business For Sale

Large Discount Store on Lower East Side - 26261

New York County, NY
New York County


Asking Price: Annual Revenue:
$360,000 $1,000,000

Retail: Clothing & Accessories


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RE: Large Discount Store on Lower East Side - 26261 Broker: Jay Goldman

Quick Facts

Asking Price: $360,000
Annual Revenue: $1,000,000
Net Profit: Not Disclosed
Cash Flow: $181,124
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 6
BBN Listing #: 6024447
Broker Reference #: 26261

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Business Overview:

The owner of this 4,000 square foot discount store on Manhattan's Lower East Side takes out over $180,000/year on over $1M in sales and can prove it. The landlord is willing to negotiate a longer lease with a new qualified buyer. An additional and adjacent 2,000 square feet may be negotiated into this lease. There is little to no competition in the immediate vicinity of this ever gentrifying neighborhood. The seller is willing to finance your purchase of his inventory, which is not included in the $360,000 asking price for his business.

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Reason for Selling:

Retirement

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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