Busy Variety / Convenience Store For Sale

www.GlobalBX.com

Listing ID: 700181123

Listing Title: Busy Variety / Convenience Store For Sale

Quick Link: http://www.globalbx.com/listing.asp?bId=181123

Industry: Retail

Industry Segment: Convenience Stores Retail

Country: United States

State / Province: New York

Area

City: Queens County

Asking Price Range: $250K - $500K

Gross Revenues: $900,000

Cash Flow: $170,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1937

Number of Employees: 6 - 9

Business Description:
This Established Card / Stationary / Gift store was originally opened in 1937 and carries a variety of merchandise to include a large selection of greeting cards, Lotto, stationary, toys, art supplies, small electronics, seasonal merchandise, miscellaneous gifts & convenience items. EASY TO OPERATE. The current owner has been there for 14 years. It is located on a busy street in Queens. The store is 5000 square feet plus basement and the rent is $9400 per month (includes R/E Tax & CAM charges). The Lotto commission alone produces a NET PROFIT of approximately $20,000 annually. In summer this store is busy with beach related merchandise. In the winter months the store is very busy with seasonal and holiday related merchandise. Current inventory is approximately $250,000. The reason for sale is that the owner lives in New Jersey and the commute is too long. The seller will finance up to 50% of purchase price. Please refer to listing number #11415 when inquiring about this opportunity.



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