Convenience Store (Real Estate Available)

Business Overview:

Business is a long established convenience store of about 1,500 sq. ft. with sales of about $400,000 per yeai including lottery commissions of $60,000 per year.
Owner runs the business with his wife and one part time employee. Business serves a safe, upscale neighborhood.

The real estate of land and building encompasses about 15,000 total sq.ft. including the building of about 3,000 sq.ft. which includes the store and two separate rental apartments and a parking lot for about 10 cars.The real estate is available as a three year option transaction for $330,000. Some renovation work on the building after purchase will be productive insofar as it is over 50 years old and could include some expansion of the store.

The product line includes the customary convenience items of coffee, milk, bread, snacks, chips, canned goods, deli foods, soda, beer, A deli area has recently been upgraded. Business supplies nearly everything consumers look for in a quick stop.

The Deli needs to be enlarged to take advantage of the opportunity. There is no immediate competition in convenience items or deli as this location is surrounded by single family residences. It is quite unique in this regard.

Inventory of about $25,000 is not included in the purchase price.
Some seller financing may be available.

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Property Features and Assets:

1,500 SF. The real estate of land and building encompasses about 15,000 total sq.ft. including the building of about 3,000 sq.ft. which includes the store and two separate rental apartments and a parking lot for about 10 cars.The real estate is available as a three year option transaction for $330,000. Some renovation work on the building after purchase will be productive insofar as it is over 50 years old and could include some expansion of the store.

Market Competition and Expansion:

The Deli needs to be enlarged to take advantage of the opportunity. There is no immediate competition in convenience items or deli as this location is surrounded by single family residences. It is quite unique in this regard.

Reason for Selling:

Retiring

Additional Details:

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