Financing: $125,000.00 Down and
Reason for Selling:Moving
This convenience store is located in an excellent location in Middlesex County, Massachusetts, making it a prime opportunity for a family or owner-operator looking to enhance business performance. The store has experienced some challenges, including a closure of 6 months two years ago, but the previous ownership left a strong foundation, with a historical lotto commission of 120,000. Currently, the lotto commission stands at 45,000 and is steadily increasing a new owner has the oppertunity to easily bring back the comission to it's previous level.
Under the current ownership, a cigar humidor has been added at a cost of 35,000 dollars, contributing to the store's appeal. There are numerous opportunities for growth, including the addition of much-needed coffee and breakfast options. The store features a 13-door walk-in cooler and over 2000 square feet of space, which could be utilized to introduce beer and wine sales, as well as a deli section.
Additional income streams include the current 45,000 lotto commission and 2,500 from ATM commissions, providing a solid revenue base for potential buyers. Before the closure of 6 months two years ago; the store sales were averaging $1800 per day and lotto commission was 120,000 per year. A New dedicated owner operator can bring it back to the previous level and grow the business further.
This is an exciting chance for someone to take over and capitalize on the growth opportunities available. For more information, contact broker Amit Desai at 860-680-4371.
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