Busy Downtown Convenience Store/Bodega
Business Description
BUSY DOWNTOWN CONVENIENCE STORE/BODEGA - $1.35 MILLION ANNUAL GROSS REVENUE!
Established in 2000, this thriving convenience store presents an exceptional opportunity in Portland's bustling downtown core. With over 24 years of continuous operation, the business has cultivated a loyal customer base and demonstrates strong financial performance.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $1,090,640
• Cash Flow (SDE): $89,418
• EBITDA: $68,558
• Asking Price: $180,000
• FF&E Value: $40,000
• Inventory Value: $75,000
• Remarkable 193% sales growth from 2023 to 2024
PRIME LOCATION ADVANTAGES:
• Situated at the base of a condo complex ensuring steady foot traffic
• Positioned between major highway and the state's largest office building
• Surrounded by high-rise buildings and dense residential housing
• Near busy office parks providing consistent weekday customers
• Strategic location creates natural customer funnel
BUSINESS STRENGTHS:
• Newly refurbished facility with modern amenities
• 25+ years of established community presence
• Loyal customer base appreciating local business support
• Competitive advantage over chain stores through superior customer service
• Profitable operations with demonstrated growth trajectory
• Sales continue growing without external advertising
GROWTH OPPORTUNITIES:
• Significant untapped marketing potential through street signage
• Social media marketing implementation
• Promotional advertising campaigns
• Continued organic growth in high-density area
OWNER SUPPORT:
• 1-2 months comprehensive transition training included
• Seller financing available with carried note consideration
• Current owners selling to pursue other ventures
This turnkey operation offers immediate cash flow in Portland's prime downtown market. The combination of established customer loyalty, strategic location, recent improvements, and explosive recent growth makes this an attractive investment opportunity for entrepreneurs seeking a profitable convenience store business.
Contact today to explore this exceptional downtown Portland convenience store opportunity.
Established in 2000, this thriving convenience store presents an exceptional opportunity in Portland's bustling downtown core. With over 24 years of continuous operation, the business has cultivated a loyal customer base and demonstrates strong financial performance.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $1,090,640
• Cash Flow (SDE): $89,418
• EBITDA: $68,558
• Asking Price: $180,000
• FF&E Value: $40,000
• Inventory Value: $75,000
• Remarkable 193% sales growth from 2023 to 2024
PRIME LOCATION ADVANTAGES:
• Situated at the base of a condo complex ensuring steady foot traffic
• Positioned between major highway and the state's largest office building
• Surrounded by high-rise buildings and dense residential housing
• Near busy office parks providing consistent weekday customers
• Strategic location creates natural customer funnel
BUSINESS STRENGTHS:
• Newly refurbished facility with modern amenities
• 25+ years of established community presence
• Loyal customer base appreciating local business support
• Competitive advantage over chain stores through superior customer service
• Profitable operations with demonstrated growth trajectory
• Sales continue growing without external advertising
GROWTH OPPORTUNITIES:
• Significant untapped marketing potential through street signage
• Social media marketing implementation
• Promotional advertising campaigns
• Continued organic growth in high-density area
OWNER SUPPORT:
• 1-2 months comprehensive transition training included
• Seller financing available with carried note consideration
• Current owners selling to pursue other ventures
This turnkey operation offers immediate cash flow in Portland's prime downtown market. The combination of established customer loyalty, strategic location, recent improvements, and explosive recent growth makes this an attractive investment opportunity for entrepreneurs seeking a profitable convenience store business.
Contact today to explore this exceptional downtown Portland convenience store opportunity.
About the Business
- Years in Operation
- 25
- Employees
- 4 (3 Full-time, 1 Part-time)
- Facilities & Assets
- The store is fully equipped with displays, commercial coolers and freezers, a small kitchen with hot holders for to-go food service, bolted drop safe for cash deposits, camera and security system. Full equipment list available on request.
- Market Outlook / Competition
- The store is located at the bottom of a condo complex providing a steady base of customers. The surrounding area is full of high-rises and other high density housing. Additionally the store is between the highway and the largest office building in the state. Local competing stores are chains that offer very poor customer service. Many customers appreciate supporting local business owners, and the store has a loyal following from over 25 years of operation.
- Opportunities for Growth
- Sales growth between 2023 and 2024 was 193%. Sales continue to grow, even without the presence of advertisements on the outside of the store. A few well placed street signs, social media marketing, and promotional advertising will help the store continue to develop and grow.
About the Sale
- Seller Motivation
- Both current owners wish to explore other projects.
- Transition Support
- 1-2 months transition training.
- Financing Options
- Willing to consider a seller carried note
Listing Info
- ID
- 2419947
- Listing Views
Listing ID: 2419947 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. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleOregon Businesses for SaleOregon Retail Stores Businesses for SaleOregon Convenience Stores Businesses for Sale
Similar Listings
