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Business for Sale Summary

General Merchandise Stores - 24088

Business Type: convenience store,card shop/stationery store,general merchandise store,misc. retail/non-classifiable,best deals!,absentee business,new to market,seller financing available,assets only sale
Owner Financing
General Merchandise Stores
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This business has received 154 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $99,000
Gross Revenues $316,000 Lease Remaining Register Free to View
Owner’s Cash Flow $70,506 Number of FT Employees Register Free to View


$99,000 Down and Negotiable

Business Description

CONVENIENCE STORE BUYERS ? ATTENTION ? This convenience store is located in an absolute great location right off a main arterial road off of SR 4 near the Hackensack River in a beautiful neighborhood with lots of loyal customers that have been coming to this business for over 20 years. The seller is an absentee owner but has consistently been earning a 40% net income to gross revenue and steadily increasing the profit. This is with minimal advertising and no real internet presence. This business offers a variety of products that range from snacks, candy, groceries, cigarettes, gift cards, school supplies, and lottery. In fact, the lottery commission alone adds $78,000.00 annually which more than covers all the expenses alone! There is still plenty of products that could be added to this store offerings like Western Union, check cashing, etc?This is a simple business to run and has NO COMPETITION FOR MILES. A buyer that is looking for a great lifestyle business in a great community will buy this business in a heartbeat because the seller is selling it for only a 1.4 multiple at its current operating situation. If the buyer purchases it as an owner operated business the multiple drops even lower. It has plenty of parking in the Mall Plaza setting and is surrounded by restaurants, parks, post office, and other customer attractions. It is currently earning over $6,200.00 per week in gross sales with an opportunity to increase that amount exponentially with a motivated buyer. It also offers an excellent lease of 15 years with a monthly rent of $4,300 per month for 1600 square feet. There is plenty of room to expand products and services offered and taking it to the next level of success. This is truly one of those businesses that a buyer will come across, and say ?This is definitely for me!? Call today to set up an appointment with the seller because all offers are being accepted for review for a quick sale.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.