Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Package Sale of 4 Circle-K Locations
(Food & Beverage , Retail)
NJ
Listed Price: $ 650,000
Listing ID: CSTR206

Listing DetailsGross Revenue: $ 4,200,000
Franchise Info: This business is an established franchise
Reason for Sale:

The sale is due to the owner’s absenteeism and relocation.


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.


Absentee Owner: No
LocationLease Expire: 0000-00-00
Facilities:


These high-volume retail facilities 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. The opportunities are in Central/South New Jersey, which consists of various densely populated communities with continued demand for this industry.


SummaryBusiness Description:

A wonderful business opportunity to own 4 Circle K Franchise Retail locations, in a wonderful area of central/southern New Jersey. The net yearly income can be substantially improved with an onsite owner operator. The businesses are fully computerized consisting of a state-of-the-art POS system. The company also has a very profitable Lotto gross income of approximately $2,000,000. This convenience store 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 combined 2018 c-store yearly gross income is approximately $4,200,000. Combined gross lottery sales are $2,050,000. There is also income from ATM, propane, air and rebates. The business has a substantial yearly net income. The business has been valued / priced at $650,000 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 per store. Institutional financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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:


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.


Potential Growth:

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.


Financing/Terms:

Available to a qualified buyer with an appropriate down payment.