PROVIDENCE, Rhode Island
| Asking Price |
$129,000 |
Year Established |
|
|
| Annual Revenue |
$550,000 |
Reason for Selling |
Retiring and relocating. |
|
| Annual P/L |
|
Attention |
Ming Dong |
|
| Annual Cash Flow |
$120,000 |
Listing Number |
467909 |
|
| # of Employees |
2 |
Business Category |
Food & Beverage: Convenience Stores |
|
Business Overview:
This small neighborhood store is in a residential area and main route with many homes.
Annual Gross sales of $550,000 and lottery commission is $45,000 with ATM $3,000 money order $1,000.
Ample parking (July 4th week they sell fireworks).
Hours 7am - 10pm; Monday to Saturday; 8am - 9am Sunday.
Property Features and Assets:
1,800 SF building with a full 1,800 SF basement.
Lease Rate: $14.33 /SF per Year
Market Competition and Expansion:
Not many food stores in the area. This is a densely populated neighborhood with many homes. Most of these homes do not have easy access to main street.
They all have to funnel by the convenience store.
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