Profitable Small Convenience Store in South Philadelphia

Philadelphia, PA (Philadelphia County)

Seller Financing Available
Profitable Small Convenience Store in South Philadelphia

Asking Price:$24,000

Cash Flow:$24,000

Gross Revenue:$120,000

EBITDA:$20,000

FF&E:$5,000

Inventory:$5,000

Lease Rate/Sq. Ft.:$1.37

Established:2014

Profitable Small Convenience Store in South Philadelphia

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Business Description

Perfect Opportunity & Location for Upstarts

This is a small corner store located in the South Philadelphia Area on Wharton St. Across from Park and Police Station. Booming area with lots of disposable income. A safe and amazing opportunity for new and experienced owners.

Small Kitchen equipped with Commercial Equipment (Ideal for cold food licensing – ie. sandwiches/Panini's).

Currently holding off on signage in case the owner wants to take a different approach to the business, but can discuss options accordingly. Make the shop your own by catering to the diverse market of shop-goers in the area.

Rent $1,500/Mo.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,095
Lease Expiration:
3/1/2017
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
• Security system with 4 cameras installed including monitor; plus 4 uninstalled/new cameras • Television • 3 counters • Register • Security mirror installed • Scale • All shelving • 2 window fans • 5 vegetable baskets • Pricing label gun • 2 “open” signs • Mop and mop bucket • Black trash can • 3 shopping baskets • Store phone • 3 COMMERCIAL REFRIGERATORS • Glass top freezer • Bain marie • Commercial refrigerator in kitchen • All Existing Inventory
Competition:
Small Convenience store a couple blocks away (Nowhere near as much foot traffic) Acme Grocery 2-3 blocks away (Not really a competitor as our business is about convenience purchases rather than bulk grocery shopping)
Growth & Expansion:
Location already has all necessary infrastructure to obtain cold foods license and serve deli meats/sandwiches(4 commercial sinks, commercial fridge, commercial garbage disposal, etc.).
Support & Training:
Any and all support necessary. As first time business owners ourselves, my girlfriend and I are no strangers to the obstacles and challenges of getting a business off the ground. We will agree to free consulting for up to a year after purchase, but will support you long after.
Reason for Selling:
Family Reasons / Logistics

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Business Listed By:
Thomas Lofaro

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