Gross Revenue: $841,193
Real Estate: $730,000
* not included in asking price.
Seacoast Convenience Store with Owner's Apartment
PRICE REDUCED! An excellent opportunity to purchase an established and profitable Seacoast, New Hampshire convenience store with real estate, apartment and leased out commercial rental space. With revenues the past two years averaging over a $900,000, this business is ready to be taken to the next level by a full time owner/manager. A new fuel supply contact, signed in August, allows the store to compete with large scale convenience store operators and has resulted in a 30% increase in both fuel sales and inside sales. The store has been in operation for over 70 years and is located on a very busy east/west state highway. This attractive property and business, was purchased by the current owner three years ago. In that time, many new improvements and up-grades have been implemented, including; a new Point-of- Sale System and remote manager’s monitoring system. Additionally, the gasoline dispensing equipment is brand new and fully in compliance with the New Hampshire Department of Environmental Services regulations.
This pristinely kept, property and business would be ideal for a local Seacoast convenience store operator to expand their number of locations, a couple or partnership that could either live in the apartment or keep it as part of the real estate investment. The store’s sources of income come from the sale of unbranded gasoline; automotive supplies; hardware items; beer and a large wine selection; cigarettes and tobacco products; lottery; groceries, including marinated steak tips, sirloin steaks and chicken breasts, and a wide variety of Boars Head Deli products; cold and hot sandwiches; deer tags; fishing licenses; and Christmas tree and wreath sales. The business and real estate are available, including $131,200 worth of Furniture, Fixtures and Equipment, good will, non-compete agreement, training during the transition to a new owner, vendor and supplier lists, transferable commercial lease for an offering price of $895,000 plus the value of the inventory and supplies at the time of the sale. The value of the inventory and supplies range between $40,000 and $50,000.
Inventory: Not included in asking price
Real Estate: Owned
Included in asking price
Building Sq. Ft.: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The building is a 2.5 story vinyl sided, wood frame building totaling 4,789 square feet. The building consists of 2,400 square foot convenience store plus 846 square feet of additional basement for storage, a 1,275 commercial rental space, currently rented and 1,222 square foot second floor two bedroom apartment that is currently rented but could be used as owner's quarters.
Support & Training: Available
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