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Convenience Store/Food Mart For Sale

67/wk
Nassau County, New York, United States
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Asking Price$250,000
Revenue$851,450 Established2013
Cash Flow$150,000 Employees2 full-time
FF&E$125,000* FranchiseNo
Inventory$25,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
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. This industry does not require government agency approval to purchase. 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 $4,400. 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 39% investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This commercial retail facility consists of 1,200 square feet with a clean and attractive physical appearance. The business also consists of a free-standing facility with a very convenient drive through for fast service. The area has numerous other active and successful commercial businesses which attract many customers. This opportunity is located in Nassau County, New York, which consists of numerous highly populated communities with continued demand for this particular food service.
Competition:To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.
Growth Potential:The business can be expanded with additional products which would further improve the bottom line income.
Training/Support:The owner will remain post-closing for 30 days and supply a transitional period.
Seller Financing:Conditionally approved to a qualified buyer.
Sale Reason:The owner is presently absentee with a full-time job.
Ad #98186
Seller Reference #CSTR167
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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