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PRICED REDUCED! 80 Year Old Queens Stationary,Toy, and Gift Shop w/ Lotto
New york (Queens)

Disclaimer

Disclaimer: The financial information herein has been provided by the seller. East Coast stores or east coast business brokers or its brokers make no claim to have verified this information. We recommend that the buyer conduct his own do diligence and perform the financial verification needed to conclude any due diligence. The buyer understands that they will hold ECS or ECBB harmless of any claims resulting in misrepresentation by the seller.

Property Information

Listing Number:
11756
Business Type:
Established Businesses
Business Category:
Card Shop/Stationery Store
State:
New york
County:
Queens

Other Information

Financial Information

Asking Price:
$275,000
Gross Income:
$650,000
Cash Flow:
$145,640
Seller Financing:
$  

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Business Description

Buy this historical 82 year old Card & Gift Shop in Queens just in time for the Holiday season!  Current owner has owned this shop of 23 years, and is now ready to retire.  Yearly sales of $650,000 consists of toys, gifts, stationary, variety items, greeting cards, and so much more.  Lotto commission is approx $60,000 for the whole year.  An owner operator can make over $200,000 by cutting payroll and working themselves.  With all major toys like Toys R Us & KB Toys out of business, this toy store is the only game in town!  The shop is busy throughout all the major holidays and summer time too because of it proxmity to the beach.  Shop is open 9am-7pm Mon-Sat, and 9am-6pm on Sun.  The asking price includes over $125,000 worth of inventory!!!

If you are interested in listing your business with East Coast Stores, obtaining a free valuation OR if you would like to earn a referral fee and know someone who would like to sell, contact us at Listings@eastcoaststores.com. We accept quality listings!

Listing Number : 11756

Business Listed By

Bob Patel

Email this List   5163421648
Email this List   917-642-6400
Email this List   bob@eastcoastbusinessbrokers.com
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