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Asking Price:	$140,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Conv & Food Stores
Reason for Selling:	Owner doesn't have enough time for business
# of Employees:	1 Full Time
Yearly Revenues:	$1,000,604
Yearly Net Profit:	$65,506
Yearly Gross Income:	$126,976
Monthly Payroll:	$3,198

Business for Sale Overview:

This is a chance to own an established Tobacco outlet located in an area with very strong demographics. The store is very clean and has an open floor plan. Annual sales have been very consistent with the exception of 2006 which saw a large spike in annual sales. Several homes, apartments, and schools are located nearby.

Property Features and Assets:

Located in a busy shopping center with anchor tenants that provide heavy vehicle and foot traffic. This shopping center sits on the fringe of hundreds of residential houses as well as several apartment buildings. It is located in one of Newark's busy commercial corridors.

Market Competition and Expansion:

There is some competition in the surrounding area but this store's appearance as well as other products offered for sale make it the premiere Tobacco outlet in the area. Expansion is feasible but would only be possible if a neighboring tenant were to vacate their space.

Additional Details:

• The property is leased.
• 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.