Profitable C Store ( with Real Estate) New London CT

New London, CT (New London County)

Profitable C Store ( with Real Estate) New London CT

Asking Price:$139,000

Cash Flow:$70,000

Gross Revenue:$450,000

EBITDA:N/A

FF&E:N/A

Inventory:$20,000*

Real Estate:$249,000*

Established:2010

*not included in asking price.

Profitable C Store ( with Real Estate) New London CT

Get Financing Save Print Share Valuation Report

Business Description

A great investment opportunity to own a profitable convenience store with real estate (optional). The store is a perfect business for a family owner operator who is looking for a highly profitable in a very busy and highly trafficked road in a densely populated neighborhood. The neighborhood includes many multi-unit apartments and multi-family homes with very little competition. The 2,000 sq. ft store is doing about $450,000 in sales with an annual gross profit $105K. Very strong upside potential with owner/operation running store and by adding deli, hot foods, and western union.

High Profits and Low Expenses:
- Strong Summer Beer Sales
- Ample Parking Spaces
- Close to Schools and many homes / apartments
- Main road that has high traffick count
- Long lease and low rent (if not purchasing real estate)
- Adding hot foods and deli will increase sales
- Including multi camera security system and Point of Sales System

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
1
Facilities:
Store: -2,000 square feet -12 door walk in cooler - Includes Office Area and storage area Building - 2 Store fronts including Store - 6,800 square foot building (including unfinished large basement) - Previous tenants included hair dresser and church - Ample Parking for 11 cars
Competition:
Prime location. No major competitors in the neighborhood which the store primary serves.
Growth & Expansion:
Great upside potential for motivated owner / operator. Absentee owner works minimal hours and is looking too retire. Potential to add deli and money gram/western union to grow revenue further.
Support & Training:
Willing to provide training to ease transition if required.
Reason for Selling:
Looking to retire.

Listing Statistics for Premium Members

Ad#:1305588 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Business Listed By:
Sahdev Keshwala

Show Phone Number
Find out more...

Get more details about this business.


Similar Listings


DRNK coffee + tea / QWENCH juice bar

Franchise Opportunity
Capital Required: $264,000