4 Circle K Locations Package Sale

Not Disclosed, NJ
Ocean County


Asking Price: Annual Revenue:
$350,000 $4,000,000

Food & Beverage: Convenience Stores


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RE: 4 Circle K Locations Package Sale Broker: Ron Cervelli
Owner Financing is Available!
Available with an appropriate down payment.

Quick Facts

Asking Price: $350,000
Annual Revenue: $4,000,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $180,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 80673909
Broker Reference #: CSTR213

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Business Overview:

A wonderful business opportunity to own 4 Circle K Franchise Retail locations, in a wonderful area of central/southern New Jersey. The net yearly income can be substantially improved with an onsite owner operator. The businesses are fully computerized consisting of a state-of-the-art POS system. The company also has a very profitable Lotto gross income of approximately $2,000,000. This company has multiple full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,900 per store. The businesses have been valued / priced at $350,000 (package sale) based on a multiple of the net yearly income which includes the value of the specific business assets. Transfer franchise fee is approximately $25,000 for 1 store, and $15,000 for the other 3 when purchased as a package. Institutional financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. The businesses have been valued / priced at $350,000 (package sale) based on a multiple of the net yearly income which includes the value of the specific business assets. Transfer franchise fee is approximately $25,000 for 1 store, and $15,000 for the other 3 when purchased as a package. Institutional financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

These high-volume retail facilities consist of approximately 2,000 square feet with an attractive and modern appearance. The business is a corner property and consists of a free-standing building in a commercial area with many other active and successful businesses. The opportunities are in Central/South New Jersey, which consists of various densely populated communities with continued demand for this industry.

Market Competition and Expansion:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The business presently has a limited marketing plan with an absentee owner, if the new operator will be an onsite owner operator the business can be further develop the business yearly gross sales. This site is also approved for a Chicken franchise business with high projected sales.

Reason for Selling:

The sale is due to the owner’s absenteeism

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 a franchise resale opportunity.

Documents:

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