Established Successful Convenient Store
Business Description
Great Store
ESTABLISHED CONVENIENCE STORE - CLEVELAND, OH
This profitable convenience store presents an excellent opportunity for an entrepreneur seeking a turnkey business with strong cash flow and growth potential. Located in Cleveland, Ohio, this well-established operation has built a solid customer base and demonstrates consistent financial performance.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $900,000
• Cash Flow (SDE): $180,000 (20% margin)
• Asking Price: $250,000
• Inventory Value: $75,000
• Currently operates as absentee-owned business
OPERATIONS & LOCATION:
• 2,000 square feet of retail space
• Monthly lease: $1,800
• Strategic location near downtown Cleveland
• Minimal local competition in excellent neighborhood
• Current hours: 9 AM - 9 PM (expansion opportunity)
REVENUE STREAMS:
• Beer and wine sales
• Lottery services
• EBT accepted
• Established customer base with neighborhood loyalty
GROWTH OPPORTUNITIES:
• Extend operating hours for increased revenue
• Add hot food program (high local demand)
• Expand fresh food and deli selections
• Introduce bill pay and check cashing services
• Owner's ideas welcome for further expansion
The current owner is relocating out of state, creating this opportunity for a new operator. Seller financing available. Comprehensive training and support negotiable based on buyer needs.
This turnkey operation offers immediate cash flow with multiple avenues for growth, making it ideal for both experienced retailers and motivated entrepreneurs looking to enter the convenience store industry in a prime Cleveland location.
This profitable convenience store presents an excellent opportunity for an entrepreneur seeking a turnkey business with strong cash flow and growth potential. Located in Cleveland, Ohio, this well-established operation has built a solid customer base and demonstrates consistent financial performance.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $900,000
• Cash Flow (SDE): $180,000 (20% margin)
• Asking Price: $250,000
• Inventory Value: $75,000
• Currently operates as absentee-owned business
OPERATIONS & LOCATION:
• 2,000 square feet of retail space
• Monthly lease: $1,800
• Strategic location near downtown Cleveland
• Minimal local competition in excellent neighborhood
• Current hours: 9 AM - 9 PM (expansion opportunity)
REVENUE STREAMS:
• Beer and wine sales
• Lottery services
• EBT accepted
• Established customer base with neighborhood loyalty
GROWTH OPPORTUNITIES:
• Extend operating hours for increased revenue
• Add hot food program (high local demand)
• Expand fresh food and deli selections
• Introduce bill pay and check cashing services
• Owner's ideas welcome for further expansion
The current owner is relocating out of state, creating this opportunity for a new operator. Seller financing available. Comprehensive training and support negotiable based on buyer needs.
This turnkey operation offers immediate cash flow with multiple avenues for growth, making it ideal for both experienced retailers and motivated entrepreneurs looking to enter the convenience store industry in a prime Cleveland location.
About the Business
- Employees
- 3 (1 Full-time, 2 Part-time)
- Facilities & Assets
- convenient store with everything necessary to run daily.
- Market Outlook / Competition
- very little competition near by, excellent neighborhood store, very close to downtown Cleveland.
- Opportunities for Growth
- plenty of opportunity to continue to grow this business,
Extending store hours, currently only open 9a-9p
adding hot food, big demand for it.
expanding fresh food selection.
expanding deli selection.
adding bill pay/check cashing.
solid business, solid base, bring your ideas to take to the next level.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,000
- Rent
- $1,800 per month
About the Sale
- Seller Motivation
- relocating out of state.
- Transition Support
- open for discussion, what ever is needed
Listing Info
- ID
- 2539243
- Listing Views
Listing ID: 2539243 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.
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