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C-Store Kiosk in Indoor Mall for sale in Westchester County, NY

Westchester County, New York (NY)

Asking Price: Gross: Cash Flow:
$ 99,000 $ 438,000 $ 71,000

Furniture and Fixtures Value:
$ 25,000 (included in the asking price)

Inventory Value:
$ 5,000 (not included in the asking price)

Business Summary:
Profitable retail Convenience business, consisting of an attractive kiosk in a major indoor commercial mall in Westchester County, New York. This company has two full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $3,800. The business has an assignable commercial lease which expires 2022-01-01, plus additional options, with a monthly rent of $6,364 which includes all utilities, etc., cost per square foot is estimated at $99.00 and rent security of approximately $25,000. The business fixed assets has an estimated value of approximately $25,000 which is based on equipment and licensing replacement cost. This successful retail C Store business operation is active seven days per week, with hours from 9:30 am to 9:30 pm. The 2017 yearly gross income is $438,000 and the business has a yearly net income of approximately $71,000 based on a semi absentee owner operator and prior to any debt service. This is a dependable, safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

 

   
Year Business was Established: 2011
   
Number of Employees: 2  
   
Facilities / Terms of Lease: This successful retail business consists of a Kiosk in a highly active indoor commercial mall, approximately 300, square feet with a modern professional appearance. The business is in a huge commercial mall with various other active and successful businesses. This opportunity is in Southern New York, Westchester County, which consists of various affluent and highly populated communities with continued demand for this industry.  
   
Potential Growth/Expansion: The business presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.  
   
Competition: Regarding competition, non-compete with landlord in commercial lease agreement, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.  
   
Owner willing to finance: N/A  
   
Owner willing to train: Although the owner is absentee, he will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.  
   
Reason for selling: The sale is due to the owner’s absenteeism.  
   
Seller Reference Number: CSTR195
BusinessMart.com Listing Number: 236398
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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