Business Summary:
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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