Business For Sale

Very Profitable Convenience Store -Confidential

Columbus, OH
Franklin County


Asking Price: Annual Revenue:
$620,000 $570,000

Food & Beverage: Convenience Stores


Request More Information
Contact the Seller

RE: Very Profitable Convenience Store -Confidential Broker: Jim Simmons
License #: 361004
Owner Financing is Available!
Seller will finance 50% of the purchase including inventory.

Quick Facts

Asking Price: $620,000
Annual Revenue: $570,000
Net Profit: $342,000
Cash Flow: $342,000
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: 1989
Employees: 2
BBN Listing #: 698527903
Broker Reference #: Not Disclosed

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Reason to buy: for years, the business has produced a very strong business with substantial income from the lottery, check-cashing, beer and wine sales and general convenience store items (groceries, cigarettes, candy, snack items, soft drinks and more). The store income is the basis for the asking price of the business. The Seller is asking two times Seller’s discretionary income. It is priced at $719,000 plus the cost of inventory on hand. Often this store is #1 location for Lottery sales in its area. This represents 14% of the business gross margin. The extensive check cashing business produces 1/3 of the the business gross margin.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Seller 50% financing would require the Buyer to have $500,000 in cash or available to cash ($400,000 initial payment plus $100,000 working capital). The facility property is also available for purchase, However, while the Seller prefers not to sell the property in the same tax year, he and his wife/partner will agree to get into contract on the property and sonsummate the deed transfer in another tax year.

Market Competition and Expansion:

Well established market area, with limited competition. Limited Beer & Wine license in the area. Growth/Expansion: Could increase from 10 a to 9 p to longer hours. Could add frozen food product lines. Also could reactivate the drive-up window service.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

Relevant Links:

Disclaimer:

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.


Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!