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Drastically Reduced-Convenience & general store,w/Real Estate and gas

North Carolina (Surry County)

Retail - Convenience Stores | Retail - General Merchandise Stores

Asking Price $650,000 Inventory $175,000* 
Gross Income $900,000 Real Estate $514,000* 
Cash Flow $279,000 Year Established 1992
FF&E $25,000* Employees 5

* included in the asking price

** not included in the asking price

Great business for sale

OWNER MUST SELL DO TO SEVERE HEALTH ISSUES.This totally unique store serves it's community with everything from the normal convenience store items, to hardware and plumbing supplies, gardening and gift needs, hunting and fishing licenses and supplies and much sought after ammunition, clothing lines, hand dipped ice cream and great meals from their newly remodeled commercial grade kitchen. The store had been closed for two years. The current owner has invested in all new interiors, all new heat and air systems, completely upgraded, state of the art gas pump controls, new septic and more. Leasehold improvements have totaled in excess of $130,000 All of the upgrades plus many personal needs were paid for from store revenues. The new owner will not need to spend a penny on anything for the store and benefit from increased sales and the profit margins which range from 30% to 40% on convenience store items, to 125 % for ammunition sales, 100 % on gift items, hardware and plumbing 60%, plants and bedding at 75 %, 500 % on dispensed beverages and 500 % on the novelty clothing items. Future sales and profits will be discussed in depth with any new and serious buyer inquiries. JUST REDUCED from $950,000 to $650,000 do to health issues. Up to 8.2 additional acres available at bargain pricing. MUST SELL ASAP.

Facilities: Newly remodeled with many upgrades. Rural location on 1.6 acres. Highly visable. Plenty of parking.

Competition: There is no meaningful competition in the immediate area. This unique store serves a very wide range of customer needs. Well beyond a typical convenience. store.

Growth/Expansion: The owner has recently added beer, wine and the lottery, which will add $125,000 in net profits.

Financing: LImited amount to qualified buyer

Support/Training: 30 days, plus consulting as needed.

Reason Selling: Doctors orders

Business For Sale By

Bob Meinecke

336-719-2345

Liberty Business Partners

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