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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Food Mart/C-Store for Lease
(Food & Beverage , Retail)
Monmouth County, NJ
Listing ID: CSTR186

Listing DetailsGross Revenue: $ 750,000
FFE: $ 75,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The owner/landlord recently passed away which has created the sale.


Training & Support:

Training is not available due to the owner’s absenteeism.


OperationsYear Established: 2006
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 12000
Monthly Rent: $ 6,000
Square Footage: 6000
Facilities:

The facility consists of a modern 6,000 square foot C-Store and food mart that is fully equipped for high volume production. The business is located on a highly active state highway in an active urban commercial area of New Jersey. This is also a prime commercial area with a huge volume of residential apartments with many shoppers and workers. The business is in central New Jersey, Monmouth County, which consists of various affluent communities with continued demand for this food service.


SummaryBusiness Description:

Fantastic opportunity to lease/own this modern full service closed food mart/convenience retail store on a major state highway with thousands of drive by commuters and a vast number of commercial businesses, in Monmouth County, New Jersey. The facility is a modern, 6,000 square foot retail business that offered a full menu of foods in various departments including dairy, produce, grocery, etc. The business is fully equipped with modern equipment, which includes refrigeration units and various walk in boxes, etc. The business had limited hours and limited advertising. The sale includes a long-term lease with an option to purchase the real estate. This is a solid business opportunity to own a C-Store / Food Market in a prime area of New Jersey. The business requires an onsite ownership and increased hours. The sale will include a new commercial lease which expires December 1, 2037 plus additional options, with a monthly rent of $6,000, triple net, cost per square foot is $13.40 and rent security $12,000. The sale includes a fully equipped retail food mart C-Store, including refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation. The sale includes Lotto approval, a certificate of occupancy from the municipality and the required food & cigarette licenses approval from the city. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a dependable investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.


Competition:

To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, no web site and if improved can further develop the business gross sales.


Financing/Terms:

N/A