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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Franchise Convenience Store
(Food & Beverage , Retail)
Ocean County , NJ
Listed Price: $ 379,000
Listing ID: CSTR188

Listing DetailsGross Revenue: $ 1,921,613
Cash Flow: $ 174,900
FFE: $ 180,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

The sale is due to the owner is relocating out of the state of New Jersey.


Training & Support:

The present owner is absentee and will supply appropriate training, additionally the franchise will require two weeks of training at the franchise headquarters out of the state of New Jersey.


OperationsYear Established: 2010
Days & Hours of Operation: Mon.-Sun. 5am-11pm
Non-owner Payroll: $ 8,900
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 25000
Monthly Rent: $ 11,040
Square Footage: 2000
Facilities:

This high-volume retail facility which consist of approximately 2,000 square feet with an attractive and modern appearance. The business is a corner property and consists of a free-standing building in a commercial area with many other active and successful businesses. This opportunity is in Central New Jersey, Ocean County, which consists of various densely populated communities with continued demand for this industry.


SummaryBusiness Description:

A solid money maker for this long standing and highly successful convenience & deli business in a wonderful area of central New Jersey. The business has a gross yearly income of $1,921,000 and a consistent net yearly income to the present absentee owner which can be substile improved with an onsite owner operator. The business is fully computerized consisting of a state-of-the-art POS system. The company also has a very profitable Lotto net income of approximately $11,000. This company has six full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,900. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $11,040 all in, cost per square foot is estimated at $66. and rent security of approximately $25,000, 3% yearly rent increases. The business fixed assets has an estimated value of approximately $180,000 which is based on equipment and licensing replacement cost. This convenience deli business operation is active seven days per week, with hours from 5:00 am to 11:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $379,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Transfer franchise fee is approximately $25,000, also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan with an absentee owner, if the new operator will be an onsite owner operator the business can be further develop the business yearly gross sales. This site is also approved for a Chicken franchise business with high projected sales.


Financing/Terms:

Financing is available to a qualified buyer with an appropriate down payment.