Excellent opportunity to own this popular Convenience Store / Food Mart, which offers courteous service with highly popular food products. The business offers a drive through service with the basic products of Coffee, drinks, Cigarettes, Lotto, Ice Cream, beer and other popular inventory items. The business has a wonderful reputation with a dependable yearly net income to the owner operator. This attractive commercial facility is located on an active county road with a high volume of drive by vehicles. The business has an average mark up of 40% which represents a substantial net income to the owner. The sale includes a fully equipped commercial retail store, which has refrigeration & freezer units, displays, shelving, POS system, tables, computers, Ice cream machine’s, 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. This particular business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,915. The business has an assignable commercial lease which expires July 31, 2028 plus additional options, with a monthly rent of $4,080 triple net and rent security $8,000. The business is located in a free stranding facility which consists of 1,200 square feet and has a capacity for approximately ten customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 11:00 pm. The sale includes Lotto approval, a certificate of occupancy, from the particular municipality and the required city food licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 31% investment return to the owner operator prior to debt service. The 2015 yearly income is $895,000 and yearly net income of $150,000 prior to debt service with full time, on site ownership. The asking price is $250,000 and this sale is based on a multiple of the net yearly income along with the specific value of the assets and seller financing has been approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Asking Price $250,000
You May Also Like
Convenience Store / Food Mart #456367 posted Oct 21, 2016
- Nassau County, New York, United States
Wonderful business opportunity for this high volume and popular C-Store & Foot Mart. The business offers a drive through service with the basic products of Coffee, drinks, Cigarettes, Ice Cream, beer and other popular inventory items. The business has a wonderful reputation with a dependable yearly...
Newsstand Kiosk-Absentee #458338 posted Nov 22, 2016
- Rego Park, New York, United States
The very profitable and absentee Newsstand Kiosk wont last! An owner operator could easily generate over 150K working some of the shifts. It is currently being run absentee and it nets the owner 120K. This store sell Newspapers, Candy, Coffee, Cigarettes, LOTTO(20K Week), ATM($1000 month) and soda....
7-Eleven for Sale in NYC for Only $175,000 #452014 posted Aug 18, 2016
- New York, New York, United States
Incredible busy New York City 7-11 for sale operating 100% Absentee. Selling this franchise for a fraction of what it would cost to open at only $49,000+ Inventory. They have gross sales in excess of $1.7M with a very high Gross Profit Margin of Over 46%. This is Much higher than the systems average...
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.