CONVIENENCE DELI & LOTTO. cstr103

Price: $249,998

Location: Passaic County, New Jersey

Industry: Convenience Store

Listing ID: CSTR103

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.

Ron Cervelli

contactus@regalconsultants.com

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