Convenience Mart/Deli 4 sale-SUPER BUSY location!! Qns/Nas
Convenience Mart/Deli for sale in SUPER BUSY location on Queens/Nassau Border!! Near Hillside Ave!
Marketing description
For sale is a Convenience Store/Mart in a RIDICULOUSLY BUSY location located on the border of Queens county and Nassau county NY! The deli is located in Queens Village on Springfield Blvd right by Hillside Avenue and Martin Van Buren HS area. It is the sale of the Business ONLY and NOT the real estate. Below are some key points :
1) Business has been here and serving area for more than 30 years. Super strong client base
2) located strategically on Springfield Blvd and near Hillside avenue in Queens Village which is a very strategic location.
3) Store is approved for but not being used as a Deli, which if done, would easily further increase daily sales by at least $350-$500 a day to start with. This is based on the demand and inquiries as well as the fact that SURPRISINGLY there is nothing like this nearby!?! It’s a guaranteed potential which is currently untapped due to owner’s absentee status. (This is an absentee owner-FYI - and the only reason the owner is even selling this profitable business is to generate capital to purchase an additional store in a completely different industry which would be closer to his place of residence and his recently purchased new current store location in suffolk county Long Island. Another great potential opportunity is that the business is NOT actively selling “certain items” despite being licensed to! Although this is a personal decision you are HIGHLY encouraged to sell these “certain” products to promote and capture even more business! (Pls feel free to ask what these “certain” items are as well as the type of business they have currently bought into, as I am not mentioning them here simply because the use of certain words flag the listing. The main thing is that these are all 100% legal to sell.
4) The store is currently generating approx $85,000-$90,000 a month in lotto sales from which approx $5000-$5500 commission a month based on 6% is being cleanly earned. This information is verifiable via lotto records and NY lottery itself. Annual lotto commission of approx $60,000-$65,000 is being generated by this alone. Then, store is bringing in approx $39000-45,000 a month without selling certain essential items. The business easily generates $9000-$12,000 a month after all expenses.
5) price is 299k neg.
lease is for 6 years plus 5 year option which makes it 11 years.
rent is ONLY $2500 a month!!!!
*No sellers finance as owner is only selling to reinvest into new lines of business.
* As always- Brokers are welcomed to co-broke!!
* Proof of funds is required
Serious inquiries only
khaleeque Rehman 917-855-0187
Investment highlights
1) Rent is SUPER DUPER LOW at only $2500/month including property taxes!?!? Also, the 6 year lease also has a 5 year option with it which essentially makes it 11 years. Landlord is VERY VERY nice and accommodating which is rare in these times.
2) Lotto by itself (85,000-90,000 monthly sales generates b/w $5000 and $5500 a month in your Commission, which means just one month of lotto itself is enough to pay two months of rent with money left over!! Annually lotto sales by themselves not counting the main store sales generate enough per year ($60,000-$70,000) in commissions to justify close to or over $200,000 key money
based on ROI of 3 years which is typically used as a good gauge of the strength and worth of a business!
3) Despite the fact that the business HAS an ACTIVE and CURRENT cigarette/tobacco license the business does NOT sell cigarettes and/or vapes etc because of owner's own personal choice/reasons. The moment a new operator comes in and stocks cigarettes/vapes, etc, the overall business volume will go up tremendously as this item is one of the "essential" items a business like this MUST sell. cigarette sales profits by themselves are not so much - roughly 10% or so, but the number of customers this item brings in which purchase other things is ABSOLUTELY TREMENDOUS. this addition will instantly show increased profits!
4) Store is currently being operated as a "DRY" store, which means it does not currently serve fresh food/Deli food/sandwiches etc. There is a HUGE demand for this due to the minority breakdown of the area, the same factor that fuels the lotto numbers which are already great. The current owner is an ABSENTEE owner and therefore has not utilized the potential via the deli, as that step would naturally require more owner presence or at least supervision to make sure all codes are being followed. Once you get the permit for this, which is BOTH cheap and easy and quick, you need to know that although you would make a lot more money immediately increasing food sales you would also, naturally, be subject to more inspections "by the rules and codes" by the state.
5) This business has been here for more than 25-30 years. It is the go-to neighborhood store.
6) Full unfinished basement for storage
7) Back entrance as well with back yard
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