Spacious Convenience Store/Lotto – Large Strip Mall

Essex County, NJ

Spacious Convenience Store/Lotto – Large Strip Mall

Asking Price:$88,000

Cash Flow:N/A

Gross Revenue:$312,000

EBITDA:N/A

FF&E:$60,000

Inventory:$20,000*

Established:N/A

*not included in asking price.

Spacious Convenience Store/Lotto – Large Strip Mall

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Business Description

Approx. 1,300 sq. ft. C-Store is located near entrance and exit to a major highway in a large, busy strip mall - within a middle class, safe town in Essex County. The mall is positioned amidst surrounding apartment buildings, multi-family houses, local businesses, etc.
Since this operation was completely remodeled and fitted with new equipment about 2 + years ago, all of the interior have new and modern appearance.
It is primarily an all package grocery store with snack stock and a small % of sandwich business. Additional conveniences for customers as well as ancillary income of the operation are further enhanced by NJ Lottery and ATM services already in place. Lottery commission for 2014 is $ 21,000 and growing.

The Owner of the business is a part time manager who devotes to the biz 3 days per week on the average. Nevertheless, sales steadily improve from year to year.

Come and take a look for yourself.

Detailed Information

Inventory:
Not included in asking price
Employees:
1 FT+1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located near entrance and exit to a major highway in a large, busy strip mall
Growth & Expansion:
See general description
Support & Training:
Reasonable time for smooth transition
Reason for Selling:
Family matters

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Andrey Samarov

Business Listed By:
Andrey Samarov

Martin H. Hochadel Agency

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Sponsoring Broker:
Ron Bird

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