Convenience Store-Grosses $550,000/Lottery $45,000

Providence , RI
Providence County

Asking Price: Annual Revenue:
$129,000 $550,000

Food & Beverage: Convenience Stores

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RE: Convenience Store-Grosses $550,000/Lottery $45,000 Broker: 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

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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