Business For Sale

Very Profitable Convenience Store -Confidential

Columbus, OH
Franklin County

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

Food & Beverage: Convenience Stores

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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

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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.

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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:


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.


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