Profitable & Busy Convenience Store in a Safe Area

Morris County, New Jersey

Business Summary: Nice Convenience Store located off a major thoroughfare in a high-traffic, safe area. There's no competition for a good 2 miles. Many area residents & employees from local businesses have frequented the store going back 21 years. Plenty of parking in a back lot along with street parking out front. Husband & wife team plan to retire prompting the sale. They'd consider financing up to 15% of a sale. FURNITURE, FIXTURES, & EQUIPMENT valued @ +/- $20,000 are included in sale. There's some deli equipment including a sink so a new owner can easily start up a deli if os desired. OTHER INCOME: Lottery $72,500 & ATM $2,700 = $75,200. New qualified tenant should get a minimum of 10 years in total. Contact Seth Kain @ 201-317-4710.
Year Business was Established: 21
Facilities / Terms of Lease: There's approximately 1,200 square feet of leased space. There's plenty of parking in a back lot along with free parking right out front. Owners have 1 year left on their 5 year lease with one (5) year option. Rent is very reasonable. A new qualified tenant should be able to get a full (10) year lease. Furniture, Fixtures, & Equipment are in very good working condition & are included in the sale.
Potential Growth/Expansion: A new owner could some local advertising & promotion to area businesses
Competition: There isn't another convenience store for a good 2 miles from this store. A lot of employees from area businesses frequent the store.
Owner willing to finance: The owners would consider financing up to 15% of a deal for a qualified buyer.
Owner willing to train: The sellers are offering two full weeks of training at no cost to a buyer
Reason for selling: Two owners are both retiring.