Large Nassau County Variety Store

Retail - General Merchandise Stores | Retail - Convenience Stores

Asking Price	$400,000	Inventory	$210,000**
Gross Income	$1,329,093	Real Estate
Cash Flow	$238,259	Year Established	1920
FF&E	$127,119*	Employees	11

* included in the asking price

** not included in the asking price

The business is a 60 year old general merchandise variety store located on a main thoroughfare in a populous community in Nassau County, Long Island. The store sells all types of merchandise with an emphasis on housewares (high profit) and seasonal merchandise. The store is well known in the area and widely frequented by local residents. The average customer shops more than one time per week. The store is a True Value affiliate which is invaluable to the business, giving access to merchandise not usually available to an independent store. There is an outdoor fenced area of about 2,000sq.ft. which is ideal for the development of a Garden Center.

Facilities: The facility is a large retail store (7,000sq.ft. + 2,000 sq.ft outside space) located in a busy strip mall in a populous town in Nassau County, Long Island. Seller owns the building and will offer a long term lease to the buyer at attractive rates.

Competition: This store has been in the same location for 50 years and is well known and frequented by local residents. There is no competition in the immediate vicinity. Within a 3 mile radius there are a few chain outlets like CVS.

Growth/Expansion: Growth is very possible. The facility contains a 2,000sq.ft. fenced outside area which is currently not utilized but would be ideal for a Garden Center.

Financing: Seller will finance 100% of selling price excluding inventory.

Support/Training: Seller will train a buyer for a reasonable period of time at no cost.

Reason Selling: To pursue other interests.