*Convenience Store/Lottery*-Food License-Bargain Priced*Op Not To Miss

Essex County, NJ

Seller Financing Available
*Convenience Store/Lottery*-Food License-Bargain Priced*Op Not To Miss

Asking Price:$83,000

Cash Flow:$72,000

Gross Revenue:$250,000

EBITDA:N/A

FF&E:$20,000

Inventory:$4*

Established:1988

*not included in asking price.

*Convenience Store/Lottery*-Food License-Bargain Priced*Op Not To Miss

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Business Description

This 1,000 sq. ft. store is strategically located near entrances and exits to major highways at large strip mall - within the heart of an upscale and safe town in Essex County.
Business's operating expenses are quite low for its size and geographic market area.
Lottery machine alone produces net commissions of $ 26,000 per year, indicating strong customer traffic.
Store is well-known, enjoys good reputation and steady business for 23 years under its original ownership. There is strong potential for growth and expansion of overall income by utilizing existing food license and available store space, to add a good deli department, currently absent at this location.
Seller's health condition forces need for rapid sale. Seller's Annual Net income to Asking price ratio nearly 1:1 and thus very desirable for those who are familiar with a C-Store's general pricing scales.
For more details call # below or e-mail to Andrey.

Detailed Information

Inventory:
Not included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
High traffic road near major highway connections and links
Growth & Expansion:
See general description
Financing:
Seller will finance up to 35% of price for qualified buyer.
Support & Training:
Reasonable time for smooth transition
Reason for Selling:
Health, retirement after 23 yrs in biz

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Andrey Samarov

Business Listed By:
Andrey Samarov

Martin H. Hochadel Agency

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Sponsoring Broker:
Ron Bird

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