Profitable Convenience Store - Motivated Seller!

Contact Seller
Lottery Sales, High Traffic, Growth Potential!
Asking Price:
$45,000

Gross Revenue:
$494,965
Cash Flow:
$31,326
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$8,696
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

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

Year Established:
2016
Number of Employees:
1 FT
Facilities:
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.
Market Outlook/
Competition:
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.
Contact the Seller

About the Sale

Reason For Selling:
Owner has decided to pursue other business opportunities.
Training/Support:
Will train for 2 weeks @ $0 cost.
Licenses and Permits include: NJ lottery retailers license, Food establishment license and NJ cigarette retail dealer license.

Listing Info

ID:
1495448
Ad Detail Views:
1285

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Ed O'Deven

Murphy Business Sales

 Show Phone Number

View My Active Listings
U.S. Census Data for Bergen County, NJ
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Bergen County, NJ
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue 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 & Conditions.
;