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Business For Sale
CONVENIENCE STORE W/REAL ESTATE & 3 APARTMENTS
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Asking Price: |
$699,000
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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Owner has another business |
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Year Established:
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1900 |
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Yearly Revenues:
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$418,400 |
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Yearly Cash Flow:
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$136,641 |
Business for Sale Overview:
Great location in an up and coming area. This is a convenience store along with 3 apartments on a busy street in Lowell. Lots of drive by traffic. Rt 495 entrance only 1/2 mile away. This is a strongly residential area with lots of apartments. The store sells lottery, tobacco and all the standard convenience items. The margins are very high. It also has a nice deli section where they sell deli meats, sandwiches, prepared foods, etc. The business also has a small catering business on the side. The store currently opens at 5:00am and closes at 9:00PM M-F, Saturday 6:00 to 9:00 and Sunday 7:00 to 9:00. The store has been at this location for over 100 years! The current owner has had it for 8 years. The previous owner had it for 21 years.
Property Features and Assets:
Located on a busy street with lots of drive-by visibility. Only 1 minute from Rt 495. This is an apartment building with 3 apartments and the store downstairs at street level. The building is in good condition. All the apartments are rented. There is approximately 4400 sf of space in the building. Interested buyers will receive a detailed breakdown of information regarding square footage and rental income.
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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