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Deli, C-Store and Grocery in Queens County, NY - 30550 for sale in NY

New York (NY)

Asking Price: Gross: Cash Flow:
$ 635,000 $ 1,300,000 $ 235,000

Business Summary:
High Vol. Deli,C-Store and Grocery Est. 100 Yrs. 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 sq. ft. store with a full 2,200 sq. ft. 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 approx. $25K - $30K per week in sales with gross sales of approx. $1,300,000.00 last year with a net cash flow of approx. $235,000.00. The current owner only works approx. 14 hrs.wk in the store. The business is fully staffed with 5 F/T employees. Payroll is approx. $4,000/wk (OVER $200K/YR.). That can be reduced with an owner /operator or family operator. We are seeking a serious and financially qualified buyer with at least $564K in liquid funds to cover the downpayment and approx. $50K in inventory and $14K in rent security. To learn more, please call or email Mel Vaz today at 631-909-1095 or [email protected] ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

 

   
Number of Employees: 5 FT  
   
Owner willing to finance: 500,000.00 Down & $135K over 3 yrs. @ 6% for a qualified buyer with good credit.  
   
Owner willing to train: Yes  
   
Reason for selling: Moving on to other opportunities after 35 yrs.  
   
Seller Reference Number: 30550
BusinessMart.com Listing Number: 236385
 

 

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