Convenience & Lotto

Not Disclosed, NJ
Morris County

Active commercial avenue

Asking Price: Annual Revenue:
$250,000 $368,830

Food & Beverage: Convenience Stores

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RE: Convenience & Lotto Broker: Customer Service
Owner Financing is Available!
seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Quick Facts

Asking Price: $250,000
Annual Revenue: $368,830
Net Profit: $89,000
Cash Flow: $89,000
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 2
BBN Listing #: 23923909
Broker Reference #: cstr102

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Business Overview:

Owner retiring for this profitable convenience store deli located in Essex County, New Jersey and on an active county road. This business has a consistent income and a verifiable net yearly income. The business also has approximately $1,000,000 of Lotto sales. ATM services along with hundreds of products routinely offered in this food service industry. The sale includes a long lease with an option to purchase the property. The owner is retiring after many years in this industry, will finance the transaction and train a new operator. Based on the asking price, and yearly net income, this business expects to supply a consistent return on investment to the owner operator prior to debt service based with onsite ownership. This is a dependable safe business opportunity.

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Property Features and Assets:

The business is located in Morris County, New Jersey, on an active county road with a high volume of drive by vehicles. The general area consists of various highly populated communities with continued need for this food service. The facility consists of a modern fully equipped retail Convenience-Store, 2,300 square feet with multiple entrances. The business is designed for quick effective service with separate areas for its various products.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reason for Selling:

Relocating to an alternative business.

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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