Convenience Mart & Deli, Queens Village

About this opportunity

A convenience store and mart in a very busy location in Queens Village, on the Queens–Nassau border. It is on Springfield Boulevard near Hillside Avenue, by the Martin Van Buren High School area. This is the sale of the business only, not the real estate. The business has served the area for more than 30 years and has a very strong customer base.

Lotto sales are about $85,000 to $90,000 a month, earning about $5,000 to $5,500 a month in commission at 6%, or about $60,000 to $65,000 a year, verifiable through lotto records and the NY Lottery. Store sales are about $39,000 to $45,000 a month. The seller says the business generates about $9,000 to $12,000 a month after all expenses.

Rent is $2,500 a month. The lease is 6 years plus a 5-year option, 11 years in all. The asking price is $225,000, negotiable.

The store is approved for a deli but does not run one; the seller estimates a deli would add at least $350 to $500 a day in sales to start, since there is nothing similar nearby. It is also licensed for additional product lines not currently sold; ask for details. The owner is absentee and is selling only to reinvest in a business in a different industry closer to home. Brokers are welcome.

Highlights

• In business 30+ years; very strong customer base
• On Springfield Blvd near Hillside Ave (Queens–Nassau border)
• Lotto about $85,000–$90,000/mo, about $5,000–$5,500/mo commission
• Store sales about $39,000–$45,000/mo
• Seller-stated net about $9,000–$12,000/mo
• Rent $2,500/mo; 6 years + 5-year option
• Approved for a deli, not yet in use; absentee owner
• Price negotiable

Financial details

Asking price

$225,000

Real estate

Business only

Inside sales

$39,000/mo

Monthly rent

$2,500

Lease

6 years + 5-year option (11 years total)

Store sales

About $39,000–$45,000/mo

Lotto sales

About $85,000–$90,000/mo, verifiable via lotto records

Lotto commission

About $5,000–$5,500/mo at 6% (about $60,000–$65,000/yr)

Seller-stated net

About $9,000–$12,000/mo after all expenses

Deli

Approved, not currently in use

Potential (seller estimate)

At least $350–$500/day more in sales with a deli

Additional licenses

Licensed for additional product lines not currently sold; ask for details

Price

$225,000, negotiable

Figures are provided by the seller and have not been independently verified. Buyers should perform their own due diligence.