MergerPlace

Profitable Convenience Store

New Jersey (Bergen)


  • Asking Price: $65,000
  • Gross Income: $494,965
  • Cash Flow: $31,326
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $8,696
  • Listing ID: #206272
  • Established: 2016
  • Employees: 1 FT

Business Description

C STORE - Great Location with Strong Lottery Sales!

This business began when the owner bought an existing convenience store in the summer of 2016 and re-branded it to its current name. This attractive store with its new branding and renovation complete, had its grand opening shortly thereafter. Currently the store is open 6 days per week and offers a full range of convenience store products. Store sales in its first year of 2017 were over $180,000 and Lottery Sales were $312,000 with a net commission exceeding $30,000. All this has been accomplished without any marketing, advertising or online presence. Business is completely turnkey and has huge potential to be taken to the next level.


Business Details

Primary Business Category: Retail Trade - Supermarkets
Location: New Jersey
County: Bergen

Company Information

Year Established: 2016
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT

Financial Information

Asking Price: $65,000
Gross Revenue: $494,965
Cash Flow: $31,326
FF&E: $8,696
Seller Financing Available: No

Property Information

Facilities:

The store is located on a busy main thoroughfare in Bergen County in a strip center and occupies approximately 1,000 sq ft plus storage space in the back. Its lease runs until August of 2021 with one 5 year option. The store is easily accessible from both directions and has plenty of parking. The surrounding stores are complementary to its business as each store is not competitive with one another and each benefits by drawing customers to the location.

Growth & expansion opportunities:

There is significant growth potential for a new owner by adding marketing, advertising, promotion, social media and a website. Also, the store is open 6 days from 7am to 7pm. Adding a 7th day (Sunday) and extending the hours would increase sales. Store is allowed to be open 24 hours day. Additional products may also be added.

Competition:

There is minimal competition nearby.

Reason for selling:

Owner has decided to pursue other business opportunities.

Support & Training:

Will train for 2 weeks @ no cost. The store offers a full line of convenience store items such as the following: Lottery, Tobacco, Newspapers, Milk/dairy products, Soda, Fresh brewed coffee, Ice cream, Ice, Bread, Hostess, Drakes and Tastykake products, Chips, Candy, Cookies, Grocery staples, Medicine, Health & beauty supplies, Cleaning products, Paper products (cups, plates, napkins, tissues etc.), Automotive supplies, Batteries, Stationary, Seasonal items Licenses and Permits include: NJ lottery retailers license, Food establishment license and NJ cigarette retail dealer license.

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Business Listed By:

Ed O'Deven

Murphy Business Brokers