Business For Sale

Convenience and Beer Store For Sale-30710

Not Disclosed, PA
Philadelphia County

Asking Price: Annual Revenue:
$1,400,000 $1,500,000

Food & Beverage: Convenience Stores

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RE: Convenience and Beer Store For Sale-30710 Broker: David Lee
Owner Financing is Available!
$1,660,000.00 Down & Inventory financing available.

Quick Facts

Asking Price: $1,400,000
Annual Revenue: $1,500,000
Net Profit: Not Disclosed
Cash Flow: $498,036
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 5
BBN Listing #: 53154447
Broker Reference #: 30710

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Business Overview:

Convenience store (with beer sales) for sale. This spot is in a great location. It is found in a heavy residential area with limited competition. Recently updated, this store is very clean, and busy all day and night. This is a turn-key operation- step in and make money. There is fantastic foot traffic, and seven parking spaces. This is an easy operation, that makes a 35% gross profit on store sales, with a particularly high margin on craft beers. This is the #2 lottery store in Philadelphia. Lottery sales are $45,000/week, generating $120,000 commission last year. Keno was added this year. Add wine license, cigars and vape equipment and generate even more income. Store does small deli business- hot food should be added. Many opportunities here to increase business. Lease has 12 years and a 5-year extension, with no rent increase for 17 years. All numbers are computerized and verifiable. The seller can print reports in minutes to show the sales and profit. A qualified buyer will be allowed, as an employee. to observe and work the business for 30 days, as part of due diligence. Serious buyers only. Seller will finance the inventory (of about $100,000) for 3 years. Perfect for an established convenience store organization that can raise, or has, the cash. This is not a franchise location. Seller has other business interests, and desires more family time. They currently work 50 hours, weekly.

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Reason for Selling:

Seller wants more time with family.

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.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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