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Card And Gift Store In Suffolk County For Sale

Suffolk County, New York
Asking Price:
$199,000 (USD)
Sales Revenue:
$371,406 (USD)
Cash Flow:
$109,914 (USD)

Card & Gift Store - LOTTO Sales of $1,500,000 Million. *PRICE REDUCED* This store is nestled in a busy shopping center in the middle of a residential neighborhood. LOTTO sales alone were over $1,500,000.00 in the past year. That translates to commissions of $90,000.00. This is a 2,000 sq. ft. store that has been recently renovated. They specialize in collectible gift items, stationery and 50% greeting cards. There is no other direct competition to this store within a 2 mile radius. There are 10 years remaining on the lease with a rent of $4,300/mth. for a spacious 2,000 sq. ft. store. In addition to LOTTO profit, the store had Gross Sales of approximately $400,000.00 in the past year, with a Total Net Income of approximately $109,914.16 (includes LOTTO Commissions, ATM, Cigs., Western Union, etc.). There is an opportunity to expand with more collectibles, cell phones, more soft drinks, ice cream, etc. You WILL NOT find a better card and gift store on the market.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Other

Employees:
4
Years established:
46

Other Information

Support & training:

Yes

Furniture / Fixtures value:
$80,000 (USD)
Inventory / Stock value:
$80,000 (USD)

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