Queens County, NY Discount Retail Store For Sale-28500

Queens County, NY

Seller Financing Available
Queens County, NY Discount Retail Store For Sale-28500

Asking Price:$790,000

Cash Flow:$245,000

Gross Revenue:$1,250,000

EBITDA:N/A

FF&E:$135,000

Inventory:$275,000*

Established:N/A

*not included in asking price.

Queens County, NY Discount Retail Store For Sale-28500

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Business Description

Queens County, NY Discount Retail Store For Sale-28500

Beautifully built new store (opened Q4 2015) on main avenue with 60ft store frontage. No expense spared. Long lease with below market rent and building improvements of over 250K. 5,000 sqft basement storage along with 500 sqft 2nd floor. The owner built the store to be a powerhouse location with sale over 2 million and net of 550K . However, recent new copycat and far inferior competition has bought the sale down to approx. 1.25 Million and net approx. 250K. At these new figures the owner is no longer motivated. A new owner with strong management can easily bring the net to around 300K a year. They carry the best products in the cleanest store around. The sale will continue to grow overtime as the store is building a strong clientele in the community. The store carries many branded Health & Beauty items and other goods that our competitors do not. All merchandise in store is branded and fast moving unlike many stores that are quite frankly filled with knick knacks that don't really sell. Average customer transaction is very high which is not typical of dollar stores thanks to the quality merchandise and buildout. Please call 1-877-735-5224 for further information.

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 listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Detailed Information

Inventory:
Not included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
715,000.00 Down & 75,000 at 7% over 24 Months
Support & Training:
The seller will train the new owner.
Reason for Selling:
Other business interest.
Business Website:
http://www.vestedbb.com

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Vested Business Brokers, Ltd

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Vested Business Brokers, Ltd

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