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Listing ID: 2159170

Established Convenience Store For Sale

73 Main Street, Hempstead, Nassau, New York, United States

BUSINESS SOLD

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

This thirty years-old convenience store is located on one of the busiest roads in Long Island. Rent is just $3100 a month, with a long lease. The store is laced with lotto, beer, cigarettes, ATM, EBT, Western Union, pre-paid calling cards, numerous cell phone accessories, coffee, etc. It is a 100% absentee owner business. The business is a part of a heavily-populated area, so the clientele is always steady, and almost permanent. It also has a furnished basement, which is used for storing the merchandises. The seller must sell it, because he is moving to South Carolina. The business earns $35000 a month in gross sales. The seller's net cash flow, after paying all the expenses, is $7,000 to $8,000 a month. A first-time business buyer must buy this profitable business, which is situated at a great location. There are several Nassau county government offices like courts, main hub of long Island Bus depo and more than 1000 car public parking. There is big project under review in planning department for 400 -500 renting apartments will be build on public parking. Daily Labors standing area, because this location on Main Street of Nassau county public sector there are several annually marching and ethnic walk take place. This location was known as lucky store for lotto due to first lotto store.

Property Details

Size:

1200 square feet and basement

Years Established:

More then 30 Years

Property Type:

Lease

Inventory Value:

$ 10,000

Other Details

Business Location:

The business is a part of a heavily populated Main Street area, so the clientele is always steady, and almost permanent. There are several Nassau county government offices like courts, main hub of Long Island Bus depot and more than 1000 car public parking.

Premise Details:

It also has a furnished basement, which is used for storing the merchandises.

Expansion Potential:

If new owner add take away cheap food like pizza, sub, roasted nuts, frazzle and fried chicken. There is potential for loose candies not prepacked. Quick draw of new york lottery.

Planning Consent:

None

Operation Details

Employees:

One and half

Trading Hours:

8:00am to 8:00pm

Support & Training:

2 Weeks

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