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Business for Sale Summary

Convenience Store For Sale in Bergen County, NJ - 32939

Business Type: other food stores,convenience store
Convenience Store For Sale in Bergen County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $275,000 Down Payment $165,000
Gross Revenues $500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $90,400 Number of FT Employees Register Free to View

Financing

$165,000 Down and $110,000 @ 6% for 48 months

Business Description

Check out this wonderfully profitable convenience and food store for sale in Bergen County, NJ with REAL ESTATE AVAILABLE. The sales AND lotto sales are incredible. Store sales are $500,000 a year, ($10,000 a week), and Lotto commissions are an EXTRA $120,000 a year! This 3,000sq. ft. store is fully stocked with $35,000 worth of inventory. This convenience store sells coffee, beverages, cigarettes, tobacco, vapes, and FOOD. Other income comes from a clothing donation bin ($3,600/year not included in gross sales). This is a very simple operation. This business requires one person to be present at all times. The owner works when he can and has one full time employee. There is plenty of parking for customers. Everyone at the store is very friendly with the customers. There is a very diverse clientele and located in a very safe neighborhood. Locals love this store. All the way from school kids to the adults. This store is highly visible from the street and the name is well known. The owner is looking to move on to other ventures after running the business successfully for many years. The seller will stay on for a while to provide a smooth transition, train, and introduce locals to the new owner. The owner is very transparent and can substantiate his numbers during due diligence. Lease terms wont be a problem as the real estate has to be bought along with the business. The rent expense you see listed is based off of fair market value. If interested in the business, you will be able to work out the real estate with the seller. This business has been established for over 30 years, and seller believes there is still room for a dedicated owner operator to increase the business by at least 50% by the end of the first year. Seller is not focused on this business and not running it to its full potential. Also, a MAJOR competitor is relocating, so you will soon increase market-share automatically and raise your numbers. This is a solid opportunity for convenience store buyers.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.