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favorite this post Convenience store for lease - $95000 (625 E. 140th street) hide this posting unhide

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625 East 140th Street at Jenne ave

(google map)

Owner financing available

Huge profit potential with new apartments being built across the street and finishing a kitchen with the 6ft hood already on premises, turn key business already running and ready for new management. Owner is flexible with lease term.

Facilities:
13 door walk in cooler, 2 top glass freezer, deli cooler, 3 two door glass coolers, deli slicer, display cases, large office with private restroom with shower and a employee restroom, 10 car parking space, lottery, cell phone station for repairs, ice making machine, and a cappuccino machine, atm, bill pay, 5 isles of shelving, racks for clothing and shoes, and a large separate room for a potential kitchen, 2 large basements for storage.

Competition:
Only convenience store with in a 10 block radius and new apartments being built across the street.

Growth & Expansion:
Expanding by adding a kitchen and bringing alcohol license will more than triple the profit potentials.

Financing: owner offering 1000 monthly for first 6 months.

Asking Price: $95,000

Cash Flow: $60,000

Gross Revenue: $340,000

EBITDA: $30,000

FF&E: $45,000

Inventory: $25,000*

Rent: $2,000 /Month

Established: 2012
Inventory:Not included in asking price
Real Estate:Leased
Building SF:2,400
Lease Expiration:5/31/2022
Employees:2
Furniture, Fixtures, & Equipment (FF&E):Included in asking price

* not included in asking price
  • do NOT contact me with unsolicited services or offers

post id: 6866589661

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