Lucky purchase will bring luck

Bergen County, NJ

Seller Financing Available
Lucky purchase will bring luck

Asking Price:$407,000

Cash Flow:$204,435

Gross Revenue:$702,992

EBITDA:N/A

FF&E:$65,000

Inventory:$60,000*

Established:6

*not included in asking price.

Lucky purchase will bring luck

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Business Description

Over 100,000 Lottery; commission lottery beehive; simple business to operate; product sales include cigarettes, cigars, assorted convenience items and beverages; corner store located on main commercial/business street in one of Bergen County’s larger and safer towns; there is never a slowdown in patrons during the course of day; all new owners has to do is press lottery buttons and wish all players ‘good luck’; patrons come from nearby business and shoppers transversing/walking past location (also cigarette break players) business receives 30,000 sublease payback from adjoining business; cigarette company rebates programs furnish additional $11,640 revenue, ATM profit $2,700; no experience necessary to run this operation; location is the key factor; cannot be duplicated in this area.

Detailed Information

Inventory:
Not included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
From outside very attractive exterior convenience store; ample street parking for shoppers; kept extremely clean with beverage refrigerators along aisles spacious over 10 year lease with options; 1,500 sq. ft.
Competition:
The location this facility has, prime corner on city’s busiest shopping district, location is key factor, and better cigar choices Cuban will help this location
Growth & Expansion:
Can easily add to product line available within store higher end products will produce greater revenue and of course more profit such as knock-off wrist watches.
Financing:
All cash transaction except to very strong buyer based on personal financials
Support & Training:
2 weeks
Reason for Selling:
Owner investing in a much larger facility

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Vito Mastromonaco

Business Listed By:
Vito Mastromonaco

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Larry Bodner

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