Convenience Store-Grosses $550,000/Lottery $45,000
Providence, RI Providence County
Providence
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- RE: Convenience Store-Grosses $550,000/Lottery $45,000
- Contact: Ming Dong
Quick Facts
| Asking Price: | $129,000 | |
| Annual Revenue: | $550,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $120,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 2 | |
| BBN Listing #: | 170031418 | |
| Broker Reference #: | 1441583 |
Business Overview:
This small neighborhood store is in a residential area and main route with many homes.
Annual Gross sales of $550,000 and lottery commission is $45,000 with ATM $3,000 money order $1,000.
Ample parking (July 4th week they sell fireworks).
Hours 7am - 10pm; Monday to Saturday; 8am - 9am Sunday.
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Property Features and Assets:
1,800 SF building with a full 1,800 SF basement. Lease Rate: $14.33 /SF per Year
Market Competition and Expansion:
Not many food stores in the area. This is a densely populated neighborhood with many homes. Most of these homes do not have easy access to main street. They all have to funnel by the convenience store.
Reason for Selling:
Retiring and relocating.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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