News Stand Kiosk Franchise In Busy Mall Location
www.GlobalBX.com
Listing ID:
700284268
Listing Title:
News Stand Kiosk Franchise In Busy Mall Location
Quick Link:
http://www.globalbx.com/listing.asp?bId=284268
Industry:
Retail
Industry Segment:
Convenience Stores Retail
Country:
United States
State / Province:
Connecticut
Area
City:
Fairfield County
Asking Price Range:
< $250K
Gross Revenues:
$350,000
Cash Flow:
$90,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1997
Number of Employees:
1 - 3
Business Description:
News Stand Kiosk (Franchise) in Busy Mall Location. This kiosk has been established for over 20 yrs. in a high-end mall location. They sell general convenience items at a tremendous margin, approx. 55%. THAT IS NOT A TYPO. The margins are much higher due the location and virtually no competition. In the past year, the business grossed approx. $350,000.00 with an owner/operator cash flow of approx. $90,000.00. LOTTO COMMISSION WAS APPROX. $25K IN THE PAST YEAR. The overhead is minimal, with a rent of $5k/mth. that includes water, electric, garbage, etc.). They are open the typical mall hours, M-Sat.10am-9:30pm, Sun 11am-7pm. We are seeking a serious and financially qualified buyer with at least $165K in liquid funds to cover the downpayment, inventory and rent security. Any buyer must have good credit for mall lease approval.
If you meet the criteria, please call Mel Vaz at 1-877-735-5224.
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