Business For Sale

Franchise Convenience Store in Mall

Not Disclosed, NJ
Passaic County


Asking Price: Annual Revenue:
$150,000 $276,000

Food & Beverage: Convenience Stores


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RE: Franchise Convenience Store in Mall Broker: Ron Cervelli
Owner Financing is Available!
May be considered to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $150,000
Annual Revenue: $276,000
Net Profit: Not Disclosed
Cash Flow: $65,000
Total Debt: Not Disclosed
FF&E: $130,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 2
BBN Listing #: 85883909
Broker Reference #: CSTR193

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Business Overview:

Most unusual business opportunity for this franchise convenience store business located in an active commercial in door mall in Northern New Jersey, Passaic County. Owning this franchise c -store is an exciting opportunity to join. This franchise has been a popular and welcomed addition to the neighborhood for many years. From their first franchise, in 1995, they have fine-tuned their systems and operations to provide the best service, highest quality products and greatest convenience to their customers. Today, this franchise c-store is the #1 mall and specialty-based convenience store in the U. S. with more than 40 Franchises, located only in high-traffic locations such as, malls, hospitals, office buildings and college campuses. By paying close attention to the ever-changing needs of their customers, satisfying them and always focusing on the heart and soul of their operation - their family of franchisees is fulfilling their dream. This franchise retail convenience business routinely has two full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $2,850. The business transaction has an assignable commercial lease which expires 10/01/2023, plus additional options available, with a monthly rent of $4,882 cost per square foot is estimated at $58.58 and rent security of approximately $11,250. The business fixed assets has an estimated value of approximately $130,000 which is based on the original equipment and licensing buildout / replacement cost in addition to a multiple of the existing net yearly income. This convenience store is operational seven days per week, with hours from 7:00 am to 9:00 pm. 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 the photo does Not represent this particular business opportunity.

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Property Features and Assets:

This retail facility consists of approximately 1,000 square feet with an attractive and modern appearance which has been recently redecorated. The business is in a large indoor commercial mall with many other active and successful businesses. This opportunity is in Northern New Jersey, Passaic County, which consists of various highly populated communities with continued demand for this industry.

Market Competition and Expansion:

Regarding competition, 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 can be further expanded by the new onsite owner operator, an improved marketing plan and local advertising, which can further develop the business yearly gross sales.

Reason for Selling:

Owner has alternative businesses

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:

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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.


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