Very Profitable C-Store/Deli in High Traffic Area
Morris County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $279,000 |
$620,000 |
$130,217 |
Furniture and Fixtures Value:
$70,000 (included in the asking price)
Inventory Value:
$20,000 ( not included in the asking price)
Business Summary:
Nicely-renovated C-store/Deli in a high-traffic, safe area. Many area residents including students have frequented the store going back 40 years as it’s always been a convenience store. SALES: Convenience 96% & Deli 4%. Plenty of free strip mall parking. There's spaces right out front & directly behind the stores. Owner is retiring prompting the sale. New owner should offer more hot food items to increase sales. FURNITURE, FIXTURES, & EQUIPMENT of $70,000 are included in sale. OTHER INCOME: Lottery $41,500 & ATM $6,000 = $47,500. OTHER EXPENSE: Pest Control $300. A new qualified owner should be able to get a new lease of 15 years in total if desired. Contact Seth @ 201-317-4710 for additional details & showing.
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| Year
Business was Established: 40 |
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| Number of Employees:
2 F/T 1P/T |
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| Facilities / Terms of Lease:
2,000 square feet in total, which includes a back room. There’s free strip mall parking directly out front and also spaces right behind all the stores. “All” furniture, fixtures and equipment are in very good condition and are in included in sale. Present owner has 10 years left on a 20 year lease with very reasonable annual escalations. A new qualified tenant has a good chance to get a total of 15 or more years. |
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| Potential
Growth/Expansion:
A new owner should offer more hot food items as there’s a pretty high demand for them, especially for pork dishes. There’s certainly plenty of space to offer hot food with a large sink already in place. |
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| Competition:
There’s a convenience store a bit under a mile away off a nearby highway along with some others further down that highway. This store and the stores nearest to it both have very loyal standing customers. So it’s great “friendly” competition. There’s a luncheonette in the same strip mall which does compete for deli items. |
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| Owner
willing to finance:
Owner would consider financing up to 20% of the total purchase price for a qualified experienced owner-operator. |
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| Owner
willing to train:
Owner will provide a minimum of weeks at no cost to the Buyer. |
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| Reason for selling:
Owner will be retiring once he sells his business. |
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| REQUEST MORE INFO |
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