Asking Price: $399,000 Gross Revenue: $1,000,000Cash Flow: $180,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $85,000 not included in asking priceFF&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.
This store has been established 10-years with a huge potential. The mini-market location is approximately 1,100 sq. ft. with a large basement. The store sells fruits, vegetables, grocery items, sodas & beers, and a lot more! Located only a few minutes from Long Island City, this store is in close proximity to schools, train station, banks and high traffic popular destinations! The store is 24 hours (with booming nighttime business) and new owner can increase business tremendously by adding a deli for hot and cold food as well as grab-and-go items which makes it easier for customers in a hurry to catch the subway train. Also, EBT cards are accepted at this store. The current lease term is below market and expires in 2024. The landlord will provide extended terms to the new buyer. There are four trained employees who are loyal to the store and are willing to stay on with the new owner! Adding Lotto and deli foods can definitely add to higher weekly sales and profits for the owner. The current owner is willing to train. This is the deal of a lifetime!
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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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