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




Real Estate:$249,000*


*not included in asking price.

Profitable C Store ( with Real Estate) New London CT

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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

Not included in asking price
Real Estate:
Not included in asking price
Building Sq. Ft.:
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
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.

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Business Listed By:
Sahdev Keshwala

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