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Business For Sale
WESTSIDE CONVENIENCE STORE - $1.2 MIL SALES
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Asking Price: |
$599000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Conv & Food Stores
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Reason for Selling:
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Retirement |
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Year Established:
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1968 |
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# of Employees:
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5 |
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Yearly Revenues:
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$1,200,000 |
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Yearly Cash Flow:
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$102,000 |
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Yearly EBITDA:
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$102,000 |
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Yearly Net Profit:
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$102,000 |
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Yearly Gross Income:
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$1,200,000 |
Business for Sale Overview:
This popular carryout and drive thru (no gas) has been established for over 40 years and owned and operated by the soon to be retired seller for over 20 years. Owner income exceeds $100K so asking price is less than 2x owner income. There is over 300 feet of frontage on a major street with the property extending back 600 feet. The entire real estate package is appraised at $350,000 which is included in the asking price. This area is prime for development as the drive thru takes up very little space on the property. There is plenty of room to add a pizzeria, car wash, laundromat, coffee shop, etc. The sales break down as follows: beer sales of $170K, grocery sales of $332K, lottery sales of $538K, money order sales of $128K, wine sales of $11K, and phone card sales of $21K. There is a good cross section of customers who buy everything from Milwaukee’s Best to Michelob. This is a safe neighborhood of over 33,000 people who have looked to this business for a lot of their needs.
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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