Convenience
Morris County , New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $69,000 |
$133,500 |
$75,387 |
Inventory Value:
$7,000 (included in the asking price)
Business Summary:
Very nice & well-known 19 year old neighborhood convenience store on heavily traveled Route 202 in Parsippany. Very loyal clientele, & minimal direct competition in area. Visit with broker only- don t speak to anyone. Furniture, Fixtures, & Equipment valued at $27,500 & $7K in Inventory included in price. OTHER INCOME: Lottery $42K, MoneyGrams $4K, Rental Income $4,200, & ATM $720. Possibility of adding a deli & breakfast food will add to gross sales & cash flow. Payroll adjusted to cover to a portion of one owners compensation. For further information, please contact Seth Kain at 908-851-9040. Email: [email protected]
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| Year
Business was Established: 1993 |
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| Number of Employees:
1 |
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| Facilities / Terms of Lease:
1,254 sq. ft. Several soda machines & 1 cooler. Plenty of additional space in back to possibly put in a deli. Shares strip mall parking lot. Plenty of available spaces. Store is in good condition 3 months left on lease. One five year option is available. |
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| Potential
Growth/Expansion:
Possibly of adding a deli will add to gross sales & cash flows |
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| Competition:
There aren’t any other convenience stores in the immediate area. There’s an Exxon gas station/convenience store approximately ¾ mile away. |
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| Owner
willing to finance:
Negotiable |
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| Owner
willing to train:
1 week minimum |
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| Reason for selling:
One owner is ill & is moving back to India to be with family |
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| REQUEST MORE INFO |
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