Convenience/Lottery Store

NOT DISCLOSED, New Jersey

Asking Price $285,000 Year Established 2006
Annual Revenue $292,600 Reason for Selling  
Annual P/L Attention Soloman Sasson
Annual Cash Flow $141,740 Listing Number 953557  
# of Employees 1 Business Category Retail: General Merchandise - Retail

Business Overview:

Established profitable with loyal clients, large lottery sales, top area, bus stops by store, plenty of parking. Sells cards, cigarettes, sodas, newspaper, convenient items etc. Potential to grow add ice machine, sell ice cream, sell eggs, bread, coffee, tea, pastries, cold cut sandwiches, additional stationery items, extend operating hours. Other income is $ 75,000 from Lottery and $ 1,800 from ATM

Property Features and Assets:

<p>900 square feet with basement, plenty parking, small mall, very good area, bus stops by door, near Walgreens, equipment in good condition, lease 5 years plus option 5 years.<br></p>

Market Competition and Expansion:

<p>Can add ice machine, add ice cream service, add stationery items, magazines, serve coffee & tea, pastries for breakfast, cold cut sandwiches for lunch and extend store operating hours<br><br></p>

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

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