Seller's Contact Information
- RE: Convenience Deli & Lotto
- Contact: Customer Service
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $368,500 | |
| Net Profit: | $85 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 125,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2000 | |
| Employees: | 2 | |
| BBN Listing #: | 45943909 | |
| Broker Reference #: | CSTR103 |
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 of $368,000 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. The business fixed assets have an estimated value of approximately $125,000 which is based on the cost of the original buildout, representing equipment, licensing, tangible & nontangible values. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail operation, which includes, required municipal & state licenses, web site, social media venues, full commercial kitchen, shelving, POS system, tables, computer, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.
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Property Features and Assets:
The business is located in Passaic 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 C-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:
Absentee owner.
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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