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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Franchise Convenience Store in Mall
(Food and Beverage , Retail )
Passaic County , NJ
Listed Price: $ 150,000
Listing ID: CSTR193

Listing DetailsGross Revenue: $ 276,000
Cash Flow: $ 65,000
FFE: $ 130,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

Owner has alternative businesses out of the general area.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.


OperationsYear Established: 2008
Days & Hours of Operation: Mon.-Sun. 7am-9pm
Non-owner Payroll: $ 2,850
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 11250
Monthly Rent: $ 4,882
Square Footage: 1000
Facilities:

This retail facility consists of approximately 1,000 square feet with an attractive and modern appearance which has been recently redecorated. The business is in a large indoor commercial mall with many other active and successful businesses. This opportunity is in Northern New Jersey, Passaic County, which consists of various highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Most unusual business opportunity for this franchise convenience store business located in an active commercial in door mall in Northern New Jersey, Passaic County. Owning this franchise c -store is an exciting opportunity to join. This franchise has been a popular and welcomed addition to the neighborhood for many years. From their first franchise, in 1995, they have fine-tuned their systems and operations to provide the best service, highest quality products and greatest convenience to their customers. Today, this franchise c-store is the #1 mall and specialty-based convenience store in the U. S. with more than 40 Franchises, located only in high-traffic locations such as, malls, hospitals, office buildings and college campuses. By paying close attention to the ever-changing needs of their customers, satisfying them and always focusing on the heart and soul of their operation - their family of franchisees is fulfilling their dream. This franchise retail convenience business routinely has two full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $2,850. The business transaction has an assignable commercial lease which expires 10/01/2023, plus additional options available, with a monthly rent of $4,882 cost per square foot is estimated at $58.58 and rent security of approximately $11,250. The business fixed assets has an estimated value of approximately $130,000 which is based on the original equipment and licensing buildout / replacement cost in addition to a multiple of the existing net yearly income. This convenience store is operational seven days per week, with hours from 7:00 am to 9:00 pm. 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 the photo does Not represent this particular business opportunity.


Competition:

Regarding 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 can be further expanded by the new onsite owner operator, an improved marketing plan and local advertising, which can further develop the business yearly gross sales.


Financing/Terms:

May be considered to a qualified buyer with an appropriate down payment.