Price: $250,000
Location: Morris 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 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: $368,830
Cash Flow: $89
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 additional options.
Monthly Rent: 4,900
Type of Location: Active Commercial Businesses
Square Footage: 2300
Facilities Information:
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.
Summary
Historical Summary:
The business fixed assets have an estimated value of approximately $125,000 which is based on the cost of the original buildout, representing equipment, licensing, tangible & nontangible values. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail operation, which includes, required municipal & state licenses, web site, social media venues, full commercial kitchen, shelving, POS system, tables, computer, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.
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:
Regarding competition, to the best of our knowledge, 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:
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:
To be determined.