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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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C-Store Kiosk in Indoor Mall
(Food & Beverage , Retail)
Westchester County, NY
Listed Price: $ 175,000
Listing ID: CSTR191

Listing DetailsGross Revenue: $ 438,000
Cash Flow: $ 71,000
FFE: $ 25,000 (Included in Price)
Inventory: $ 5,000
Reason for Sale:

The sale is due to the owner’s absenteeism.


Training & Support:

Although the owner is absentee, he will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2011
Days & Hours of Operation: Mon.-Sun. 9:30am-9:30pm
Non-owner Payroll: $ 3,800
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 25000
Monthly Rent: $ 6,364
Square Footage: 300
Facilities:

This successful retail business consists of a Kiosk in a highly active indoor commercial mall, approximately 300, square feet with a modern professional appearance. The business is in a huge commercial mall with various other active and successful businesses. This opportunity is in Southern New York, Westchester County, which consists of various affluent and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Profitable retail Convenience business, consisting of an attractive Kiosk in a major indoor commercial mall in Westchester County, New York. This company has two full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $3,800. The business has an assignable commercial lease which expires 2022-01-01, plus additional options, with a monthly rent of $6,364 which includes all utilities, etc., cost per square foot is estimated at $99.00 and rent security of approximately $25,000. The business fixed assets has an estimated value of approximately $25,000 which is based on equipment and licensing replacement cost. This successful retail C Store business operation is active seven days per week, with hours from 9:30 am to 9:30 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $175,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable, safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

Regarding competition, non-compete with landlord in commercial lease agreement, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

Can be available to a qualified buyer with an appropriate down payment.