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Profitable Network of Retail Stores with Properties for sale in NY-NJ Border, NY

NY-NJ Border, New York (NY)

Asking Price: Gross: Cash Flow:
$ 10,000,000 Undisclosed Undisclosed

Furniture and Fixtures Value:
$ 1,000,000 (included in the asking price)

Real Estate:
$ 5,000,000 (included in the asking price)

Business Summary:
This is an incredibly rare opportunity to own an established, profitable Network of Retail Stores along WITH the associated Real Estate Properties. For a qualified buyer the majority of the purchase price can be financed AND the business is so profitable that the buyer will have a return of their investment in LESS than 2 years! The Retail Locations sell a variety of everyday products including the traditional items one may find in convenience stores. The business is very well known in the community enjoys a healthy amount of the market share. They have a tremendous amount of repeat business from steady customers. This is an easy to run, highly profitable business that is currently being operated on a semi-absentee basis. They have excellent books and records, low operating costs and high-demand items; the stores are very busy. There is also huge upside potential with additional Marketing and Real Estate Development; possibilities even exist for a Fast Food Franchise. The new owner will get fully trained to successfully continue and grow the business and the Seller will stay on to ensure a smooth transition. Sales have grown steadily with 2014 Revenue of nearly $12 Million and Adjusted Available Cash Flow of over $1.9 Million. There is SBA Financing available for qualified buyers and the Seller will hold a note for a qualified buyer. The buyer will ONLY need $1.5M as a down payment and the ROI is less than 2 years AFTER all the debt service is paid. The Purchase Price of $11,500,000 includes the business and properties. Please inquire about listing number 12549 to learn more about this opportunity.

 

   
Number of Employees: 12  
   
Owner willing to train: Yes  
   
Seller Reference Number: 12549
BusinessMart.com Listing Number: 192397
 

 

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For more info contact:

Ken Stein

Kensington Company & Affiliates
516-626-2211

CONTACT SELLER

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