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Asking Price:	$234,900 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Conv & Food Stores
Reason for Selling:	Store was bought for daughter, she left a year ago, & owner is near retirement.
# of Employees:	5
Yearly Cash Flow:	$80,000
Yearly Gross Income:	$677,000

Business for Sale Overview:

Very busy freestanding convenience store with deli in densely populated residential and commercial area. The current owner is absentee- he owns a liquor store in another section of town. They do about $4000/week (30% of sales)out of the deli, most of it before 2pm on weekdays, drawing from large local employers. The store also has a beer license, which does about 5% of annual sales. Cigarettes account for about 25% of sales and groceries, dairy, soda and other items about 40%. On top of $677,000 sales is $15,000 lottery and $26,000 in cigarette rebates. The store earns the owner over $40,000 totally absentee and pays a manager $40,000. A working owner should be able to make $80,000, or even more with some suggested improvements. Seller seeks cash deal, possible small amount of financing. Owner of real estate will sell for $275,000 and provide 1st mortgage financing with 10% down, if business is bought for cash.

Property Features and Assets:

Free standing building, constructed in 1924, 1344 sq. ft. street level space on a busy road near RT 84 Entrance. The store itself has a new floor and counters, deli counter, and a walk in cooler. Right next door is a 616 sq ft block building with overhead door and office, rented out at $475/month. Both buildings have off street parking.The owner also owns the real estate, for sale at $275,000, or lease convenience store for $2,000/mo. + utilities. Possible 1st right of refusal for real estate.

Market Competition and Expansion:

Extending hours until 9pm will increase sales and profits- the store used to be open until 9pm, but now they close at 8 pm, and 7 pm on weekends. They use a regular household stove and microwaves for food preparation, and this operation would be more efficient and be able to handle more customers with an upgrade to a commercial grade stove.

Additional Details:

• The property is owned.
• The owner may be 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.