Cash is King with this 99 Cent Store off Busy Subway!!

Brooklyn, NY (Kings County)

Seller Financing Available
Cash is King with this 99 Cent Store off Busy Subway!!

Asking Price:$220,000

Cash Flow:$140,884

Gross Revenue:$264,000

EBITDA:N/A

FF&E:N/A

Inventory:$100,000

Established:N/A

Cash is King with this 99 Cent Store off Busy Subway!!

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Business Description

Don’t miss your chance to own this great business! It’s right off of busy subway line and has all the legwork done for you. In just one year, owner has been able to take home more than $140,000 off of $260,000 of sales. He has owned many 99 cent stores in his life, so he knows how to make them right. But, for him the time has come where he would like to move on.
Recently he acquired this new location. Why? Because he just had to. The store was available with a great lease and fantastic square footage. He pumped more than $60,000 in leasehold improvements and the store will be coming with over $100,000 in inventory when it sells. Plus, in addition to that he has a great lease at only $4,000 a month for 2,100 square feet with 9 years left on it. After that you have an option to continue at $5000 per month. Oh, and by the way, the rent is cut in half at the moment because he subleases the basement for $2,000 a month.
Owner is willing to sign non-compete and to stay on and train for 2 weeks at no charge and provide $20,000 financing payable at 0% over three years. This is the perfect business for someone who wants to walk into profits right away without worry.

*Photos are not of actual store but stock photos.

Note: All data on this business is provided by the Seller for information purposes only, and no representations are made by Broker as to the accuracy of same. Broker has made no independent verification of the data contained herein. Buyer is advised to perform its own due diligence and seek the advice of professionals prior to purchasing the Business.

Detailed Information

Inventory:
Included in asking price
Employees:
1
Financing:
20000.00
Support & Training:
2 weeks
Reason for Selling:
retiring

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Tom Gesimondo

Business Listed By:
Tom Gesimondo

Transworld Business Advisors

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