Established Manhattan Store, 25 Yrs Operation

Featured on BusinessForSale.com . 23 viewed

Asking Price

$220,000

FOR SALE - ACTIVE

Detailed Information

Location

New York County, New York, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

Show more info

Business Description

This well-established convenience store in Manhattan has been operating for 25 years and is situated in a highly trafficked area. The store offers a variety of products and services such as beer, an ATM, cigarettes, magazines, coffee, and breakfast items. With weekly gross sales exceeding $15,000, the store has significant earning potential. The current owner's busy schedule has led to the store being managed by employees, presenting an opportunity for a new owner to take a hands-on approach and potentially increase revenues. Despite the owner's limited involvement, the store maintains a strong cash flow, with a net profit of over $100,000 annually after covering expenses. This presents a promising investment opportunity for a buyer looking to revitalize the business and capitalize on its existing customer base. By providing physical supervision and implementing fresh strategies, a new owner has the potential to make substantial improvements to the store's operations and profitability. Overall, this convenience store represents a lucrative opportunity for a buyer seeking a business with a proven track

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