Business for Sale Overview:
Fantastic High Volume Convenience Store & Deli in a newly renovated Nassau County shopping center. The current owner built this store from scratch 5 years ago. This store has three main revenue streams. 1-It does a very high volume in Beer & Soda Sales. In fact, it comprises 50% of the Gross Sales or approx. $403,000.00 in Beer/Soda sales alone in 2007. This store is an ideal candidate for conversion into a beer/soda distributor. 2-The store does a very high volume in LOTTO. In 2007 they grossed approx. $780,000.00 in gross LOTTO sales, netting the owner approx. $32,000.00 in commissions. 3-The balance of the sales come from the deli and general merchandise. All told, the store has gross sales of $806,000.00 for the past 12 months (NOT including LOTTO). The Net income for the store was approx. $127,000.00. The seller is asking only a little over a 2x's multiple. That is a great value. The store has tremendous potential for growth with the expansion of the deli. It must be seen to be appreciated. We are looking for serious inquiries only. You must have some deli or c-store experience. Call now to learn more!
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.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.