Established Convenience Store & Deli, Lucrative Location

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Asking Price

$300,000

FOR SALE - ACTIVE

Detailed Information

Location

Richmond County, NY

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

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Business Description

This Convenience store and Deli is a well-established business located on a high foot traffic street. The current owner has successfully operated it for 2 years, running the store absentee. The shop generates significant revenue, with annual sales from lotto reaching over $480,000 and gross revenue amounting to $720,000. With a thriving lotto business and a constant flow of customers, this convenience store and deli is a lucrative investment opportunity. The prime location on a busy street ensures a steady stream of foot traffic, contributing to the store's success. Under the current absentee ownership, the business continues to deliver strong financial performance. This business presents a turnkey opportunity for a new owner to take over a profitable convenience store and deli operation. With solid financial figures driven by lotto sales and overall gross revenue, this established business offers a promising venture for entrepreneurs looking to enter the retail industry in a high-traffic location.

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