MergerPlace

Profitable C-Store/ Deli in Morris Co

New Jersey (Morris)


  • Asking Price: $170,000
  • Gross Income: $350,000
  • Cash Flow: $97,823
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $22,500
  • Listing ID: #200779
  • Established: 2011
  • Employees:

Business Description

Beautifully-renovated profitable C-store/Deli in a high traffic safe area. There’s no competition in the real immediate area. Plenty of free strip mall parking out front. Both owners are relocating out-of-state prompting the sale. SALES: Deli 25%, Hot Foods 25%, Cigarettes 30%, Convenience 20%. “All” Furniture, Fixtures, & Equipment valued @ $22,500 are included in sale. OTHER INCOME: Lottery $26,400 & ATM $1,400 = $27,800. OTHER EXPENSES: Security $516 & Pest Control $360 = $876. New qualified tenant should be able to get a longer lease term through the landlord. $20,000 put into wages to cover hiring one worker. Contact Seth @ 201-317-4710 for additional details & showing.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New Jersey
County: Morris

Company Information

Year Established: 2011
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $170,000
Gross Revenue: $350,000
Cash Flow: $97,823
FF&E: $22,500
Inventory: $10,000
Seller Financing Available: No

Property Information

Facilities:

1,850 square feet. “All” Furniture, Fixtures & Equipment are in excellent condition and are included in the sale. There’s plenty of free strip mall parking directly in front of store. Owners have 4 years 4 months on their present 5 year lease. A new qualified tenant should be able to get a longer lease term.

Growth & expansion opportunities:

A new owner can increase his menu to include hot food items since there’s a large oven along with a metal cutting table in the back. Delivering to a couple of nearby developments & some other select areas would help to boost gross sales & profits.

Competition:

There’s only one other convenience store within a couple of miles of this store.

Reason for selling:

Both owners are planning to relocate within the United States.

Support & Training:

Owners will provide up to 2 weeks training at no cost to the Buyer.

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers