Former Franchise “Convenience Store” in Strip Mall and Upscale Town

Passaic County, NJ

Former Franchise “Convenience Store” in Strip Mall and Upscale Town

Asking Price:$88,000

Cash Flow:$95,849

Gross Revenue:$415,000

EBITDA:N/A

FF&E:$50,000

Inventory:$40,000*

Established:1990

*not included in asking price.

Former Franchise “Convenience Store” in Strip Mall and Upscale Town

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Business Description

This spacious approx. 2,400 sq. ft. Convenience Store, with lottery is located on a busy road adjacent to an exit off a major New Jersey highway in a truly upscale town within Passaic County. The business is well established, with 25 years under present ownership, having been acquired from the previous owner. It features a large 8-door walk-in unit cooler. Additional conveniences for customers representing ancillary income of this operation include: NJ Lottery, an ATM machine, and Phone Cards plus rebates from cigarette sales, etc. Current gross rent is $4,899 per month with 10 year lease available. Store Hours: Mon- Sun. 6AM – 10 PM.

All Reasonable Offers Considered

Detailed Information

Inventory:
Not included in asking price
Employees:
1 FT, 1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
See general description
Competition:
See general description
Growth & Expansion:
Creation of a deli service would generate more revenue.
Financing:
Seller may consider partial financing to a qualified purchaser
Support & Training:
Sufficient time for smooth transition
Reason for Selling:
To concentrate on other businesses

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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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