Since 1927, 7 Eleven franchise has been the recognized leader in retail convenience, quickly growing into a dominant force in the marketplace that consumers and investors alike are eager to be a part of today. Owner pays no rent and half the expenses. When people think of the 7 Eleven brand, it goes beyond convenience. In its 86 years, 7 Eleven has evolved into one of the strongest known brands in the world. The company's continued success comes in large part from their iconic products, which in turn has become an integral part of American culture. This particular location in Passaic County with a gross income of $1,695,000 has a yearly net income to the owner operator of $125,000 which includes Lotto income. 7 Eleven franchise is a win win, with no risk due to years of dependability and an incredible reputation. The sale requires franchise approval and training for any new owner operator. This franchise essentially equally shares the cost and profit with the working franchisee. Owner retiring and will finance. This is a solid business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 28% investment return to the owner operator. This industry does not require any particular government agency approval, however franchise approval is required and purchaser is responsible for franchise transfer fee. This retail Convenience store is located on a highly active county road in Northern New Jersey with a huge volume of drive by traffic. The general area consists of an upscale urban area with various communities and a substantial population with continued need for this retail food service. This particular business has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $7,587. The business has a long term commercial lease which is part of the franchise agreement and the corporate franchiser is responsible for the monthly rent payment and security.
Asking Price $325,000
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