Business For Sale

Franchise Convenience Store

Not Disclosed, NJ
Ocean County


Asking Price: Annual Revenue:
$379,000 $1,921,613

Food & Beverage: Convenience Stores


Request More Information
Contact the Seller

RE: Franchise Convenience Store Broker: Ron Cervelli
Owner Financing is Available!
Financing is available to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $379,000
Annual Revenue: $1,921,613
Net Profit: Not Disclosed
Cash Flow: $174,900
Total Debt: Not Disclosed
FF&E: $180,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 6
BBN Listing #: 94083909
Broker Reference #: CSTR188

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

A solid money maker for this long standing and highly successful convenience & deli business in a wonderful area of central New Jersey. The business has a gross yearly income of $1,921,000 and a consistent net yearly income to the present absentee owner which can be substile improved with an onsite owner operator. The business is fully computerized consisting of a state-of-the-art POS system. The company also has a very profitable Lotto net income of approximately $11,000. This company has six full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,900. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $11,040 all in, cost per square foot is estimated at $66. and rent security of approximately $25,000, 3% yearly rent increases. The business fixed assets has an estimated value of approximately $180,000 which is based on equipment and licensing replacement cost. This convenience deli business operation is active seven days per week, with hours from 5:00 am to 11:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $379,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Transfer franchise fee is approximately $25,000, also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

This high-volume retail facility which consist of approximately 2,000 square feet with an attractive and modern appearance. The business is a corner property and consists of a free-standing building in a commercial area with many other active and successful businesses. This opportunity is in Central New Jersey, Ocean County, which consists of various densely populated communities with continued demand for this industry.

Market Competition and Expansion:

To the best of our knowledge, due to various circumstances, 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. The business presently has a limited marketing plan with an absentee owner, if the new operator will be an onsite owner operator the business can be further develop the business yearly gross sales. This site is also approved for a Chicken franchise business with high projected sales.

Reason for Selling:

The sale is due to the owner is 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 a franchise resale opportunity.

Documents:

Relevant Links:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!