Asking Price: $150,000 Gross Revenue: $1,200,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
High Traffic Area with Below Market Lease for the Area
The business has been established 15-years. The location of approximately 1,500 sq. ft. plus basement is a gold mine in the heart of New York’s Times Square area. The annual sales are approximately $1.2 Million. All equipment, furniture and fixtures are installed as this is truly a turnkey operation. The monthly rent is about $26,000. The lease is assignable to a qualified buyer for remaining 7-years plus an option for 5. This is a 24-hour store in a high traffic tourist and commercial area surrounded by many residential apartment buildings. The new owner can obtain a beer license to grow the business. Anyone actively working and managing the business can expect to make a lot more money than the current absentee operated business. The business is listed at a deep discount for a quick sale as a result of owner‘s personal family situation.
The owner is motivated and a qualified buyer will need good credit as well as provide 6-months security deposit to the landlord.
This opportunity will not last long! Call now to make an appointment.
Contact Dave Nagar at CEO Business Brokers, Inc.
Convenience Store and Deli for Sale Time Square Area
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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