Wonderful business opportunity for this high volume and popular C-Store & Foot Mart. The business offers a drive through service with the basic products of Coffee, drinks, Cigarettes, 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. 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 August 31, 2028 plus additional options, with a monthly rent of $3,570 plus cam and rent security $7,000. 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 business assets has an estimated value of approximately $125,000 based on replacement cost which 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. 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 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 33% investment return to the owner operator prior to debt service. The business has a 2015 yearly income of $854,960 and yearly net income of $125,000 prior to debt service with full time on site ownership. The business has been priced at $225,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Asking Price $225,000
You May Also Like
Convenienc Store/ Food Market #456370 posted Oct 21, 2016
- Nassau County, New York, United States
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...
7-Eleven for Sale in NYC for Only $175,000 #452014 posted Aug 18, 2016
- New York, New York, United States
Incredible busy New York City 7-11 for sale operating 100% Absentee. Selling this franchise for a fraction of what it would cost to open at only $175,000+ Inventory. They have gross sales in excess of $1.7M with a very high Gross Profit Margin of Over 46%. This is Much higher than the systems average...
Profitable 7-Eleven #449720 posted Jul 18, 2016
- New York, New York, United States
This 2400 SF store has been open and profitable for over 30 years! Steady growth and a great record of making money! 2.4 mil of revenue in 2015. Call for more details and learn how this store could be yours! Partner with 7-11 for success!
Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.