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Business for Sale Summary

Convenience and Beer Store-Philadelphi County,PA - 30710

Business Type: beer distributor,delicatessen/catering services,convenience store
Convenience and Beer Store-Philadelphi County,PA
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Financial Information (non-confidential)

General Information
Asking Price $1,400,000 Down Payment $1,400,000
Gross Revenues $1,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $503,036 Number of FT Employees Register Free to View

Financing

$1,400,000 Down and N/A

Business Description

RECENT PRICE REDUCTION. Asking price includes inventory. Convenience store (with beer sales) for sale. This spot is in a great location. It is found in a heavy residential area with limited competition. Recently updated, this store is very clean, and busy all day and night. This is a turn-key operation- step in and make money. There is fantastic foot traffic, and seven parking spaces. This is an easy operation, that makes a 35% gross profit on store sales, with a particularly high margin on craft beers. This is the #2 lottery store in Philadelphia. Lottery sales are 50k/week, generating 125k commission yearly. Keno was added this year. Add wine license, cigars and vape equipment and generate even more income. Store does small deli business- hot food should be added. Many opportunities here to increase business. Lease has 12 years and a 5-year extension, with no rent increase for 17 years. All numbers are computerized and verifiable. The seller can print reports in minutes to show the sales and profit. A qualified buyer will be allowed, as an employee. to observe and work the business for 30 days, as part of due diligence. Serious buyers only. Perfect for an established convenience store organization that can raise, or has, the cash. This is not a franchise location. Seller has other business interests, and desires more family time. They currently work 50 hours, weekly.

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.