A very high volume 7-eleven for sale for the first time after 35 year

Monterey County, CA

Seller Financing Available
A very high volume 7-eleven for sale for the first time after 35 year

Asking Price:$450,000

Cash Flow:N/A

Gross Revenue:$2,213,000

EBITDA:N/A

FF&E:N/A

Inventory:$20,000*

Established:1965

*not included in asking price.

A very high volume 7-eleven for sale for the first time after 35 year

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Business Description

2.2 Million in Sales and great location & Seller Carrying!!!

7-eleven franchise is one of the best if not the best convenience store business there is. With over 56,000 stores worldwide, their presence in 18 countries and growing is a testament to their popularity and recognized brand. I would describe their business model a money maker with very low risk and very steady income. As a franchisee, you only need to follow the lead and mix it with your own local market experience to increase the sales by creating customer satisfaction. If you are finally tired of the corporate world or a lousy job market and want a steady income without risk of an independent business, you need to look closer at 7-eleven. Cash requirements are at least 250,000 dollars per 7-eleven application. Typical Cash required for any 7-eleven stores in California is on average 400,000 dollars. No SBA or Bank financing available for 7-eleven Franchise due to the nature of its contract. Asking price reflects the goodwill. There are Franchise Fee and Inventory Fee requirements in addition to goodwill price. Call for details. The owner is willing to carry 50% of the goodwill price at 5% interest rate.

Detailed Information

Inventory:
Not included in asking price
Employees:
9
Facilities:
Universal 7-eleven store setup and facilities all provided and maintained by the corporation. Franchisee has very minimal responsibility with the cost of the upkeep other than cleanliness and the annual equipment maintenance contract half of which is paid by the corporate. This store was recently remodeled completely.
Competition:
7-eleven has virtually no direct competition when it comes to convenience store business. It is a very nimble company that adapts to market condition changes rather quickly and hence its ability to ward off the competition and remain the top retail / convenience business.
Growth & Expansion:
This business has a very steady growth patterns. None of the gyrations experienced with Gas Station/mart combinations which are caused by the price of the gas. This really is the reason for 7-eleven’s steady and successful business model. High gross profit of 38% to 44% are normal vs. the liquor store margins of 23%.
Financing:
50% of the goodwill
Support & Training:
Mandatory, Full time 5 to 8 weeks of class and store training on the 7-eleven processes, ordering system, inventory maintenance, store cleanliness, merchandise ordering and customer relations. There is as well on-going corporate support, more training, marketing and advertising plus new product introductions.
Reason for Selling:
Not Stated but the store has been owned for over 35 years
Franchise:
This business is an established franchise
Business Website:
http://www.calbizadvisors.com

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Amir Aghaee, CBB

Business Listed By:
Amir Aghaee, CBB

California Business Advisors

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