Owner Financing is Available
Business Overview:
Long standing business in the heart of the business district in Worcester. Lottery profit is $38,000 per year!! This shop is famous for selling almost every popular magazine in circulation and is an extremely well located convenience store as well. In additional to all the popular periodicals, the store sells lottery, tobacco and standard convenience items. The store s profit margins are very high. Standard magazines earn a 25% gross margin. Adult magazines and videos earn a 60% 70% gross margin. Tobacco products such as cigars earn a 50% gross margin and cigarettes earn 20%. Most beverages enjoy a 50% gross margin. See specific breakdown in table below. The store hours of operation are Monday through Saturday 5:30am until 6:00PM and Sunday from 7:00am to 4:00pm. The business has been at this location for many years. Inventory: Approximately $25,000 (not included in asking price). Lease information: The current lease terminates in 2017 with only small rent increases each year. Rent: $1,920 per month includes all property taxes, heat and water.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Downtown location. Very nice area. Approximately 1,500 sq. ft. Plenty of street parking. Lots of walk-by pedestrians in the area bring in plenty of business.
Market Competition and Expansion:
Growth and Expansion: Turn-key business. New owner can come in and just keep the business coming.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.