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Asking Price$99,000
Revenue$316,000 Established1992
Cash Flow$70,506 Employees1 full-time
FF&E$60,000 FranchiseNo
Inventory$65,000 RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
Great Card & Gift Store. This convenience store is located in an absolute great location right off a main arterial road off of SR 4 near the Hackensack River in a beautiful neighborhood with lots of loyal customers that have been coming to this business for over 20 years. The seller is an absentee owner but has consistently been earning a 40% net income to gross revenue and steadily increasing the profit. This is with minimal advertising and no real internet presence. This business offers a variety of products that range from snacks, candy, groceries, cigarettes, gift cards, school supplies, and lottery. In fact, the LOTTO COMMISSION ALONE ADDS $78,000.00 annually which more than covers all the expenses alone! There is still plenty of products that could be added to this store offerings like Western Union, check cashing, etc This is a simple business to run and has NO COMPETITION FOR MILES. A buyer that is looking for a great lifestyle business in a great community will buy this business in a heartbeat because the seller is selling it for only a 1.4 multiple at its current operating situation. If the buyer purchases it as an owner operated business the multiple drops even lower. It has plenty of parking in the Mall Plaza setting and is surrounded by restaurants, parks, post office, and other customer attractions. It is currently earning over $6,200.00 per week in gross sales with an opportunity to increase that amount exponentially with a motivated buyer. It also offers an excellent lease of 15 years with a monthly rent of $4,300 per month for 1600 square feet. There is plenty of room to expand products and services offered and taking it to the next level of success. This is truly one of those businesses that a buyer will come across, and say This is definitely for me! Call today to set up an appointment 1-877-735-5224.
Training/Support:seller will train
Seller Financing:99,000.00 Down & Negotiable
Sale Reason:Owners engaged in other business
Ad #53244
Seller Reference #24088
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Mel Vaz
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