Convenience Store and Sandwich Franchise

This convenience store, with a nationally known sandwich franchise, is located in the midst of the academic, commercial and residential areas on Long Island. Rent is just 5800 a month, with 30 years long lease, and also with an option to buy the property through the seller. The whole lot consists of 6400 sq.ft, with the store encompassing 3000 sq.ft., a complete lay-out of a 7/11 type store. Store does $ over one million in gross sale a year, lotto brings over $900,000 in gross sale a year;it also has quick-draw. The sandwich business earns $109500 in gross sale a year. According to the verifiable documents, the yearly net cash flow, after deducting all the expenses, is $254,000. The asking price includes all the inventory, except lotto. The owner, because of his business in other matters, is willing to finance. Caveat: the owner is extremely particular about the proof of funds. This business will soon be sold, so hurry up and call Syed at 631-265-7300.