Franchise Convenience Store

Not Disclosed, NJ
Ocean County


Asking Price: Annual Revenue:
$195,000 $1,347,264

Food & Beverage: Convenience Stores


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RE: Franchise Convenience Store Broker: Ron Cervelli
Owner Financing is Available!
May be available with an appropriate down payment.

Quick Facts

Asking Price: $195,000
Annual Revenue: $1,347,264
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $180,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 6
BBN Listing #: 18573909
Broker Reference #: CSTR212

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Business Overview:

A wonderful business opportunity for this long standing and highly successful franchise retail convenience store in a wonderful area of central New Jersey, Ocean County. The business has a 2018 gross yearly income of $1,347,264 and a consistent net yearly income to the present absentee owner which can be substantially be 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 $51,000. 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, 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 has been valued / priced at $195,000 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 financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating.

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.

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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’s relocation.

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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