MergerPlace

Profitable C-Store in Heavily-populated

New Jersey (Bergen)


  • Asking Price: $129,000
  • Gross Income: $285,000
  • Cash Flow: $90,470
  • Real Estate: Not Disclosed
  • Inventory: $20,000
  • FF&E: $15,000
  • Listing ID: #203291
  • Established: 1
  • Employees: None

Business Description

A profitable convenience store in a high-traffic, affluent area. It’s very close to Route 4 where there’s a very high volume of people. There’s no direct competition for at least 1 mile. It’s located on the grounds of a branded gas station & there’s plenty of space to park. A husband/wife team operates it & have other “All” Furniture, Fixtures, & Equipment valued @ $15,000 is included in the sale. A new owner should sell more breakfast-type food to increase gross sales/cash flow. OTHER INCOME: Lottery $8,000 & ATM $1,200 = $9,200. A new qualified tenant can get a lease assignment or renegotiate a new lease thru the landlord. Contact Seth @ 201-317- 4710 for additional details & showing.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Jersey
County: Bergen

Company Information

Year Established: 1
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: None

Financial Information

Asking Price: $129,000
Gross Revenue: $285,000
Cash Flow: $90,470
FF&E: $15,000
Inventory: $20,000
Seller Financing Available: No

Property Information

Facilities:

Approximately 700 sq. ft. “All” Furniture, Fixtures & Equipment valued at $15,000 are in very good condition and are included in sale. A new qualified tenant can get a lease assignment or can renegotiate a long term lease thru the landlord. The present owner has 9 years left on his present lease

Growth & expansion opportunities:

A new Owner should add more “breakfast type” food to increase its gross sales. It makes sense to do that since coffee is already being sold. It’d be a good idea to do some advertising and promotion due to the very large town population and the many area schools and churches.

Competition:

There aren’t any other Convenience Stores for around 1 ½ miles away from this store. The location is ideal since the store is located on the grounds of a Gas Station and there aren’t any other Gas Stations within a mile. The nearest C-Store and Gas Station are both on adjoining highways. This store and station are located in a residential area off a major thoroughfare.

Reason for selling:

The two owners have other business interests

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