Convenience Store & Food Mart

Nassau County, NY

Seller Financing Available
Convenience Store & Food Mart

Asking Price:$225,000

Cash Flow:$125,000

Gross Revenue:$854,960

EBITDA:N/A

FF&E:$125,000

Inventory:$20,000*

Rate/Sq. Ft.:N/A

Established:1990

*not included in asking price.

Convenience Store & Food Mart

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Business Description

Wonderful business opportunity for this high volume and popular C-Store & Foot Mart. The business offers a drive through service with the basic products of Coffee, drinks, Cigarettes, Ice Cream, beer and other popular inventory items. The business has a wonderful reputation with a dependable yearly net income to the owner operator. This attractive commercial facility is located on an active county road with a high volume of drive by vehicles. The business has an average mark up of 40% which represents a substantial net income to the owner. This particular business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,915. The business has an assignable commercial lease which expires August 31, 2028 plus additional options, with a monthly rent of $3,570 plus cam and rent security $7,000. The business is located in a free stranding facility which consists of 1,200 square feet and has a capacity for approximately ten customers. The business assets has an estimated value of approximately $125,000 based on replacement cost which includes a fully equipped commercial retail store, which has refrigeration & freezer units, displays, shelving, POS system, tables, computers, Ice cream machine’s, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 11:00 pm. The sale includes a certificate of occupancy, from the particular municipality and the required city food licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 33% investment return to the owner operator prior to debt service. The business has a 2015 yearly income of $854,960 and yearly net income of $125,000 prior to debt service with full time on site ownership. The business has been priced at $225,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,200
Lease Expiration:
8/31/2028
Employees:
Two
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This commercial retail facility consists of 1,200 square feet with an attractive physical appearance. The business also consists of a free standing facility with a very convenient drive through for fast service. The area has numerous other active and successful commercial businesses which attract many customers. This opportunity is located in southern New York, Nassau County, which consists of numerous highly populated communities with continued demand for this particular food service.
Competition:
To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.
Growth & Expansion:
The business can be expanded with additional products which would further improve the bottom line income.
Financing:
Seller financing is available to qualified buyers.
Support & Training:
The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Selling:
The owner is presently absentee in alternate business.

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Ron Cervelli

Business Listed By:
Ron Cervelli

Regal Consulting Corp.

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