Profitable Convenience Store #15457

Worcester County, MA

Seller Financing Available
Profitable Convenience Store #15457

Asking Price:$154,900

Cash Flow:$77,669

Gross Revenue:$418,342

EBITDA:N/A

FF&E:$70,000

Inventory:$35,000*

Rate/Sq. Ft.:$16.07

Established:2007

*not included in asking price.

Profitable Convenience Store #15457

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Business Description

This convenience store has been providing reliable, high quality and affordable grocery items, lottery and other items including prepared food and meals to local residents and travelers for many years. The newly renovated leased space will offer the new owner a better controlled floor area of merchandise. The highest contributing operating expenses of rent and utilities will be significantly reduced after renovations. These cost reductions will go directly to the operating line. The owner has made the decision to retire and will guarantee the new owner a smooth transition.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,800
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased space is approximately 4,900 sq. ft. The initial lease term will be for 5 years with the option for a 2nd 5 year term.
Competition:
The heavily traveled location requires tenants to comply with a standing Non-Compete clause that provides business competition protection.
Financing:
Some Seller Financing to Qualified Buyer
Support & Training:
Seller willing to train buyer for 2 weeks.
Reason for Selling:
Retirement

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Karen Kelley

Business Listed By:
Karen Kelley

George & Company/CentralBrokers

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Sponsoring Broker:
Christopher R. George, CBOA

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