Northwest Michigan Convenience Store

Eastport, MI (Antrim County)

Northwest Michigan Convenience Store

Asking Price:$2,900,000

Cash Flow:N/A

Gross Revenue:$5,500,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1974

Northwest Michigan Convenience Store

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Business Description

Large volume convenience store in rapidly growing area located on a main highway, ¼ mile from Torch Lake, Lake Michigan and beautiful local camping/park. Great customer base with little competition. Over 21 years of steady growth with no signs of slowing. Business is in the path of the upcoming expansion of a biking/running trail linking southern Michigan to Mackinac. Store has a very busy deli well known for smoked meats and fried chicken. Deli provides hot lunches and dinners, sub sandwiches, pizza, Friday fish fry and prime rib Saturdays. Premium Boars Head meats and cheeses along with assorted specialty salads. Business has a new, large beer cave (one of the largest in northern Michigan) containing a large selection of micro brews. Store also has a great wine cove and offers liquor, Lotto, DNR, bait and tackle shop and hunting supplies. Gas, diesel, propane, kero and recreation fuel available. Outstanding produce and meat departments. Full hardware department and convenience lumber. Convenient picnic area on property.

Detailed Information

Employees:
15 - 35
Facilities:
Facilities has been well maintained and continually upgraded. New landscaping with underground sprinkler system. Newly paved 50 car parking lot. 600’ road frontage. Fuel monitoring system. Remodeled interior with new LED lighting, new flooring, new checkout stands, and new surveillance system. Remodeled front office and beautiful tiled restrooms. Automatic start standby backup generator system. Updated walk-in and display coolers, freezers and compressors.
Competition:
There are no competing markets within a 15-minute drive.
Growth & Expansion:
Room to expand in a rapidly growing area. Property large enough to physically expand the business. Additional non-paved parking available.
Support & Training:
Business is a turn-key operation. Management is in place. Training and support available as required by the Buyer subject to negotiation with Seller.
Reason for Selling:
Retirement after 21 years.
Business Website:
http://eastportmarket.com

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Business Listed By:
Russ Abbott

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