Price: $199,900
Location: Passaic County, New Jersey
Industry: Convenience Store
Listing ID: CSTR104
Owner retiring for this profitable convenience store deli located in Essex County, New Jersey and on an active county road. This business has a consistent income of $368,000 and a verifiable net yearly income. The business also has approximately $1,000,000 of Lotto sales. ATM services along with hundreds of products routinely offered in this food service industry. The sale includes a long lease with an option to purchase the property. The owner is retiring after many years in this industry, will finance the transaction and train a new operator. Based on the asking price, and yearly net income, this business expects to supply a consistent return on investment to the owner operator prior to debt service based with onsite ownership. This is a dependable safe business opportunity.
Listing Details
Revenue: $368,500
Cash Flow: $85,000
FFE: $125,000 (Included in Price)
Inventory: $30,000
Reason For Sale:
The purpose of this business transaction is due to the owner relocation after many years in this particular industry.
Training & Support:
Training and owner support, the owner is prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 4900
Type of Location: Commercial Avenue
Square Footage: 2300
Relocatable?: Yes
Facilities Information:
The business is located in Passaic County, New Jersey, on an active county road with a high volume of drive by vehicles. The general area consists of various highly populated communities with continued need for this food service. The facility consists of a modern fully equipped retail C-Store, 2,300 square feet with multiple entrances. The business is designed for quick effective service with separate areas for its various products.
Summary
Owner Qualifications:
For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses and Lotto approval.
Competition:
For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses and Lotto approval.
Potential Growth:
Regarding growth and expansion, the retail company can be further developed by improving the local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
Owner financing.