Fantastic Family Convenience Store Business Opportunity!
Location: North Carolina > Johnston County
Industry: Retail Stores > Convenience Stores
Financials
Asking Price: $80,000
Gross Revenue: $524,000
Cash Flow: $80,253
Inventory: $10,000 (Included in Asking Price)
FF&E: $39,000 (Included in Asking Price)
Seller Financing: Up to 15% depending upon buyer credit.
Business Summary
Although the statement is cliche, this business opportunity is truly a fruit ripe for the picking. It is an ideal situation for someone who likes relaxed rural living and operating a 'husband and wife' or 'family run' business for an intimate community. For an owner with a little personality and charm, the loyalty and relationships of the local community with the business could sustain a good living for a new owner-operator. The current owners have done well while just serving pizza and other foods in the quaint indoor dining area (booths and tables) – the cafe – and offering groceries and light hardware. Record gas prices are forcing people to shop closer to home which also helps business. More consistently selling fuel, increasing promotions for the general offerings of groceries and other products in the store, and better managing the purchasing of the products would significantly boost revenues – not to mention re-opening the bar and offering live entertainment on a weekly basis. The business expansion capabilities (not building expansion) that currently exists can easily double revenues and exponentially effect profitability with a little marketing, planning and implementation. Whether someone is from within the state or from another part of the country, if you are looking for an opportunity to move to a wonderful and growing area of North Carolina (adjacent to the Triangle – one of the fastest growing metro areas in the US), here's a ticket that will PAY YOU to move!
About the Business
Year Established: 1978
Employees: 4 full time - 2 part time
Facilities: The Company is fully housed in approximately 3443 +/- square feet of retail space on 1.08 +/- acres in Johnston County. 30' x 40' room that is currently equipped to serve as a bar . The land and building are also owned by the owner of the Company and may be transferred with the business subject to mutually acceptable negotiated terms and conditions. New septic system with grease trap HVAC system.
Market Outlook and Competition: Very few potential competitors in the general area. Nearest convenient store is approx. 6 mi. away and the nearest full supermarket is approx. 10 mi. Virtually no alternative bar and grill or live entertainment options available within 10-15 miles. EXCELLENT outlook for future growth with its current product offering and equipment. Provides groceries, beverages, and (periodically throughout the last couple of years) fuel. Provides hot meals to the local community for breakfast, lunch and dinner in its indoor dining area. More consistently providing fuel will dramatically increase store traffic and revenues. Although equipped, the business is NOT currently operating its bar - has been a VERY profitable operation in the past.
About the Sale
Management Training and Support: The training required for an operator of the business is fairly minimal. The Company s key employee, full-time manager, is willing to stay with the Company after its sale. Owner is also willing to remain available to assist the buyer during the transition period.
Reason For Selling: Owners have other full-time careers requiring possible relocation. A new owner-operator would be ideal for the business and enable it to grow to meet its potential. It is a perfect business for the family that wants to own and operate a family-run business serving and intimate community. Due to the nature of the careers of the current owners, this plan does not fit well with the owner's long-term personal and family goals.

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Listing Tools
BizQuest ID:912677
Seller ID:080730-AMC
Business Listed By
Name:Mark Trail
Company:Crown Business Solutions
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.