Business for Sale Overview:
This is a long established, full service convenience store with branded gasoline and diesel sales (pay at pump). The store sells Food, Health and Beauty products, Coffee Service, Beer, Cigarettes, and Lottery Tickets. Currently owned by a multi-store corporate chain which has additional expenses that an owner operator would not have. In-store sales in the 12 months ending July 31, 2009 were $281,528 with monthly sales on the increase. Seller's Cash Flow of $51,000 is Before Any Payroll Expense. Gasoline sales are paid to the business owner as 2-3 cents per gallon commission. Gas sales have averaged 13,500 gallons per week during the same 12 month period. There is room to add a deli counter or Pizza operation and landlord will provide some monetary incentives, to be discussed with landlord. The store is very clean and has very good lighting. It is on a busy street in a large city in NH which has high traffic flow, in a commercial and residential area. Included in the sale are all the physical assets, rights to the lease, as well as 1 week of training. This is an excellent opportunity to purchase a well-established Convenience Store with gasoline and diesel sales at a reasonable price with seller financing, low overhead, and with lots of upside potential!
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Facilities: The business leases approximately 1,800 square feet. There is a new 3 year lease with renewal options for the new owner. Rent will be $250 per week ($13,000 per year). Lease renewal increases will be agreed to between new owner and landlord or based on CPI. A refundable deposit in the amount of $20,000 will be required from new owner.
Market Competition and Expansion:
Growth and Expansion: May be achieved by adding a Pizza/Deli Operation. There is potential to increase margins by buying direct from wholesale clubs. Also sales can be increased by expanding hours.
Reason for Selling:
corporate-owned business better for owner/operator
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.