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Businesses For Sale   >>   Queens Businesses For Sale   

Absentee Corner Grocery Bringing In The Cash

Location  Queens County, New York, United States
Asking Price Range  < $250K
Gross Revenues  $516000
Net Profit / Cash Flow  $75540
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1980
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will train
Reason for Sale  Personal

Description  
Spacious Corner Absentee Grocery/Deli close to a school. The establishment has a partitioned section with a separate entrance that can be easily subleased in order to generate additional income. EBT sales accounted for $120,000 of annual sales in 2011. In addition, WIC Check sales accounted for $800 of weekly sales in 2011. When the beer license and EBT/WiC participation were both active, average weekly sales was $18,000. An innovative and energetic owner operator can generate stronger cash flow by reapplying for the EBT/WIC programs as well as beer license in addition to selling lottery tickets and cigarettes.


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