Astoria Profitable Deli & Grocery Convenience Store- BELOW MARKET RENT

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Asking Price:
$100,000

Gross Revenue:
$265,000
Cash Flow:
$80,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$80,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

A great opportunity to own a below market rent business with a 15-year lease in the heart of Astoria’s commercial/retail area. This is a perfect business for a family owner-operator who is looking for a highly profitable business with LOW EXPENSES (rent of only $1,250 with lease expiring in 2030) in a busy commercial area with lots of residential apartments. The 650 sq. ft. store (plus finished basement) is doing about $265,000 in sales with an annual profit of about $80,000 (with the owner running the business along with a full-time and 2 part-time employees). Family members running the business can take additional cash flow of approximately $35,000 (on top of the annual $80,000 profit) by saving on the employee payroll. As such, the business could even be more profitable if family members run the entire business themselves. CALL NOW TO SEE THE BUSINESS AND TAKE ADVANTAGE OF THIS GREAT DEAL!

The business is located in a very busy commercial area in Astoria Queens. The super below market rent of ONLY $1,250/month and the lease term good until 2030 makes this a great opportunity, especially when there are - NO REAL ESTATE TAXES & THERE ARE 15 YEARS LEFT ON THE CURRENT LEASE!

The full-service store sells beer along with deli sandwiches, coffee, along with other deli and convenience store items. There is a great potential to grow the business by adding hot food, grab & go salads and sandwiches, a fresh juice bar, soft serve ice cream/yogurt and possibly organic items that are in demand by newly settled Manhattanites in the area. Adding delivery and takeout is another way to grow the business in serving the many residents of the area. The store is located near an elementary school, a park and the subway station. THIS DEAL WILL NOT LAST LONG! CALL DAVE NAGAR NOW FOR INFORMATION - 917-929-6194 - www.ceobrokers.com.

KEY BUSINESS HIGHLIGHTS: HIGH PROFITS & LOW EXPENSES!
• Increasing numbers of "Manhattanites" moving in neighborhood
• Around the corner from elementary school
• Huge upside potential by implementing delivery (Grab & Go!)
• Addition of soft serve ice cream/yogurt machine will increase sales
• Possible to install fresh juice bar in front of store
• Menu expansion with hot foods will increase business
• Very LOW (below market) Rent for a commercial space
• Ultra long lease until 2030
• NO PROPERTY TAXES!
• Featuring & adding some organic products
• Adding some hot foods will increase overall sales
• Very close to Astoria Park, bridges &subway stops.

CALL Dave Nagar 917-929-6194

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Listing Info

ID:
1170292
Ad Detail Views:
5960

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Business Listed by

Dave Nagar

CEO Business Brokers Inc.

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