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Business For Sale
OCEAN RESORT C-STORE & APARTMENTS
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Asking Price: |
$995,000
USD USA Dollars
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Business for Sale Industry: |
Commercial Real Estate: Non-classifiable
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Reason for Selling:
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Cashing out as building owner |
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Year Established:
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1940 |
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Yearly Revenues:
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$86,400 |
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Yearly Net Profit:
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$75,000 |
Business for Sale Overview:
This perfectly placed commercial location includes a 3,000 square feet first floor convenience store and deli that has been operated year round and two two-bedroom apartments on the second floor with on site parking for the residential units and one parking space for the store. The location is at the southern end of Hampton Beach where Ocean Blvd and Ashworth Ave meet, where all 1A traffic arrives from Seabrook, where southern traffic turns to go north on Ocean Blvd and the last stop for 1A traffic heading south for home a log jam in the summer. Convenience store and deli for sale separately, $99,900.
Property Features and Assets:
Ground floor convenience store and deli leased, two two-bedroom apartments on second floor rented.
Market Competition and Expansion:
Hampton Beach Resort District is slowly becoming a year round residential location creating demand for apartments and c-store/deli keeping the rental units leased. The apartments can be lease by the week during the 12 week summer season.
Additional Details:
- The property is owned.
- 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 resale opportunity.
- This is not a distressed business or bankruptcy situation.
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