Asking Price: $65,000 Get FinancingGross Revenue: $494,965Cash Flow: $31,326 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $8,696 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
C STORE - Great Location with Strong Lottery Sales!
This business began when the owner bought an existing convenience store in the summer of 2016 and re-branded it to its current name. This attractive store with its new branding and renovation complete, had its grand opening shortly thereafter. Currently the store is open 6 days per week and offers a full range of convenience store products. Store sales in its first year of 2017 were over $180,000 and Lottery Sales were $312,000 with a net commission exceeding $30,000. All this has been accomplished without any marketing, advertising or online presence. Business is completely turnkey and has huge potential to be taken to the next level.
About the Business
Number of Employees:
The store is located on a busy main thoroughfare in Bergen County in a strip center and occupies approximately 1,000 sq ft plus storage space in the back. Its lease runs until August of 2021 with one 5 year option. The store is easily accessible from both directions and has plenty of parking. The surrounding stores are complementary to its business as each store is not competitive with one another and each benefits by drawing customers to the location.
There is minimal competition nearby.
Growth & Expansion:
There is significant growth potential for a new owner by adding marketing, advertising, promotion, social media and a website. Also, the store is open 6 days from 7am to 7pm. Adding a 7th day (Sunday) and extending the hours would increase sales. Store is allowed to be open 24 hours day. Additional products may also be added.
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
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