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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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High Volume Convenience Store
(Food & Beverage , Retail)
Nassau County , NY
Listed Price: $ 175,000
Listing ID: CSTR189

Listing DetailsGross Revenue: $ 680,000
Cash Flow: $ 80,000
FFE: $ 125,000 (Included in Price)
Inventory: $ 20,000
Reason for Sale:

The owner is presently absentee with a full-time job.


Training & Support:

The owner will remain post-closing for 30 days and supply a transitional period.


OperationsYear Established: 2013
Days & Hours of Operation: Mon.-Sun. 6am-11pm
Non-owner Payroll: $ 4,915
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 1200
Facilities:

This commercial retail facility consists of 1,200 square feet with an attractive physical appearance. The business also consists of a free-standing facility with a very convenient drive through for fast service. The area has numerous other active and successful commercial businesses which attract many customers. This opportunity is located in southern New York, Nassau County, which consists of numerous highly populated communities with continued demand for this particular food service.


SummaryBusiness Description:

Wonderful business opportunity for this high volume and popular C-Store & Food Mart. The business offers a drive through service with the basic products of Coffee, drinks, Cigarettes, Ice Cream, beer and other popular inventory items. Cigarette Sales are approximately $4,000 per week. This particular business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,915. The business assets has an estimated value of approximately $125,000 based on replacement cost which includes a fully equipped commercial retail store. The business is active seven days per week, with hours from 6:00 am to 11:00 pm. The business has a 2017 yearly income of $680,000 and yearly net income of $80,000 prior to debt service with full-time on-site ownership. The business has been priced at $175,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. The business has a wonderful reputation with a dependable yearly net income to the owner operator. This attractive commercial facility is located on an active county road with a high volume of drive by vehicles. The business has an average mark up of 40% which represents a substantial net income to the owner. 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 consistent return on investment 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 non-compete agreement to the purchaser.


Potential Growth:

The business can be expanded with additional products which would further improve the bottom line income.


Financing/Terms:

Can be available to a qualified buyer with an appropriate down payment.