Tobacco And Convenience Store

New Milford, CT
Litchfield County


Asking Price: Annual Revenue:
$30,000 $156,000

Retail: Non-classifiable


Request More Information
Contact the Seller

RE: Tobacco And Convenience Store Broker: C. J. (Charlie) Vlahos
License #: 412

Quick Facts

Asking Price: $30,000
Annual Revenue: $156,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1997
Employees: Not Disclosed
BBN Listing #: 70872770
Broker Reference #: 412

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

"Price Reduced" #2 ***(Listing Price is plus inventory)
This is a Tobacco & Semi-Convenience Store that can sell cigarettes, cigars, pipe tobacco, pipes, e-juice, vape gear, smokers accessories, soda cans & bottles, water, juices, power drinks, chips, cookies, gum, candy, HBA, greeting cards, air fresheners and constantly changing and adding new stuff all the time – BUT NO FOOD OR PAPER CUP DRINKS! These items can’t be sold in the store.

It is located on a very busy thoroughfare with over +/- 36,900 cars passing the easy-in/easy-out store every day. (that’s a lot of vehicles!) The current owner has been here since 1997 (24 years).

Customers want to be able to get in, get their smokes and get out – quickly. This +/-1,038 s.f. store can accommodate them.

Besides the +/- 36,900 cars passing the store every day, there are +/- 15,000 people living within 3 miles of the store and +/- 8,527 employees working within 3 miles of the store.

High-margin, in-demand items being sold in Tobacco stores nowadays are: e-cigarettes, e-juice, vaping, hookah's, phone accessories, and magazines. None of which are currently being sold in the store now – POTENTIAL ABOUNDS!

The store’s hours are Monday – Saturday 7:30 – 5:30, Sunday 7:30 – 3:00. The Owner works the store all open hours except weekends when a family member helps.

Some ideas on how you might be able to increase business…
The profit centers are mostly cigarettes with a margin of 8%. All other merchandise is marked up 25% for a Gross profit of 20%. Note, by getting an $800 license and selling e-products, like e-juice and vaping, not only will sales increase but your gross profit margin will go up to +/- 24% - 27%. These products are sold at a 100% mark-up (50% GP%). (Watch CT’s regulations regarding e-cigarettes, vaping, etc. – might be changing!)

Other ideas might include selling hookahs, dairy products, and magazines. Have something new every month for your customers – and promote this!

Current Revenues are +/- $3,000/week or $156,000/year. This is the lowest volume in many years. Why the decrease? The change in the smokers' age, the covid pandemic, the popularity of e-cigarettes, e-juice, and vaping (and the owner deciding not to get a license that costs $800) for these products, and lastly, her husband being transferred to NJ.

The Owner has lost interest in the store and wants to sell the business so she can join her husband.

The new Owner will need to bring in additional merchandise to get back customers and increase profits.





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:

Difficult to describe the location when I’m trying to maintain Confidentiality, but this 1,038 s.f. store facing a major thoroughfare with over 39,600 cars per day passing the store is perfect for this kind of business. It has 25 parking spaces and 3 entrances and exits. The current owner is on a month-to-month lease now. The Buyer will negotiate a lease with the landlord. Rent is $1,600/month. Term will be 3-5 years plus options. Landlord will approve the new operator.

Market Competition and Expansion:

Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, or the location disclosed. Forms are available at this Listing or can be e-Mailed to you upon request. Detailed financial information showing ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.

Reason for Selling:

Moving out of the state.

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.

Documents:

Relevant Links:

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!