Description

Excellent opportunity to own this popular Convenience Store / Food Mart, which offers courteous service with highly popular food products. The business offers a drive through service with the basic products of Coffee, drinks, Cigarettes, Lotto, Ice Cream, beer and other popular inventory items. The business has a wonderful reputation with a dependable yearly net income to the owner operator. This attractive commercial facility is located on an active county road with a high volume of drive by vehicles. The business has an average mark up of 40% which represents a substantial net income to the owner. The sale includes a fully equipped commercial retail store, which has refrigeration & freezer units, displays, shelving, POS system, tables, computers, Ice cream machine’s, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,915. The business has an assignable commercial lease which expires July 31, 2028 plus additional options, with a monthly rent of $4,080 triple net and rent security $8,000. The business is located in a free stranding facility which consists of 1,200 square feet and has a capacity for approximately ten customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 11:00 pm. The sale includes Lotto approval, a certificate of occupancy, from the particular municipality and the required city food licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 31% investment return to the owner operator prior to debt service. The 2015 yearly income is $895,000 and yearly net income of $150,000 prior to debt service with full time, on site ownership. The asking price is $250,000 and this sale is based on a multiple of the net yearly income along with the specific value of the assets and seller financing has been approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Posted Oct 21, 2016

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