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Texas Business For Sale |
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| HIGH VOLUME/PROFIT CONVENIENCE STORE |
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| Attn: Jeff Adam, PE, MCBC, FRC, CBB |
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| Fort Worth, TX, USA |
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| Asking Price: |
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$245,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Conv & Food Stores |
| Reason for Selling: |
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Relocation |
| Year Established: |
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1988 |
| # of Employees: |
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3 |
| Yearly Revenues: |
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$608,000 |
| Yearly Cash Flow: |
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$140,000 |
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Business for Sale Overview:
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Established 20 plus years, this wet convenience store has a loyal customer base. Sales & profits are increasing monthly and annually. The business is easy to operate and can be expanded. During the past 5-6 months, the semi-absentee owner averaged 20 hours per week (1-2 hours per day for paperwork/ordering plus covering employees when they want a day off). The owner maintains detailed sales/expense records. Owner to prove all sales and expenses. The seller represents that, during 2007, he netted approximately $140,000 plus. 2008 is ahead of 2007 by 10%-15%. Sample Gross sales growth: $49,419 June 2006, $50,236 June 2007, $56,225 June 2008. June 2008 Net Income was approximately $14,600. Lotto sales were approximately $54,000 per year in 2007.
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Property Features and Assets:
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Business is located in a leased strip center on a busy street serving 800 plus local apartments, trailer parks, commuters and businesses. 2,000 plus Square Feet space is leased for $2,179per month including NNN with No increases through May 2021 (13 years). The seller represents that, during 2007, he netted approximately $140,000 plus. 2008 is ahead of 2007 by 10%-15%.
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Market Competition and Expansion:
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Competition: There are local convenience stores, fast-food restaurants and grocery stores. However, customers continue to shop Here!
Growth and Expansion: This is a strong location with excellent potential for a single owner or family operation. Reason for Sale - relocation overseas. A new owner can continue to grow the business in several ways: 1) Add check-cashing service. 2) Add ATM machine. 3) Add money orders. 4) Provide hands-on friendly service. 5) Add fast food grill e.g., hamburgers, fries. 6) Add drive-through service. 7) Add Gas pumps.
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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