Card and Gift Store (Hallmark) with Great Lease and LOTTO machine
Location: New York > Long Island
Industry: Retail Stores > Other Retail Stores
Financials
Asking Price: $275,000
Gross Revenue: $450,000
Gross Revenue Comments: Lottery grosses $500,000
Cash Flow Comments: on request
Inventory: $75,000 (Included in Asking Price)
Seller Financing: Seller will take a down payment of $175,000 and will hold a note for the balance.
Business Summary
This Hallmark card & gift store is located in a shopping center on Long Island. The store grosses over $450,000 and has a LOTTO machine that does over $500,000. The store is 2400 Sq. Ft with a full basement. The lease has 13 years remaining and the rent is only $3200 including taxes. There are increases of only $300 every 5 years. The same owner has had this store for over 15 years and it has been established over 30 years.
They sell a variety of merchandise including cards, a large gift line, newspapers, candy, cigarettes, stationery, and toys.
They sell a variety of merchandise including cards, a large gift line, newspapers, candy, cigarettes, stationery, and toys.
About the Business
Year Established: 1975
Employees: 2 full time -
Facilities: 2400 sq. ft. plus full basement in a shopping center.
About the Sale
Management Training and Support: Seller will train and assist buyer as needed.
Reason For Selling: Divorce
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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. Please review the full Disclaimer here.
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