Food Mart & C-Store / Lotto
Monmouth County, NJ
Best offer, must sell for this Ultra-modern full-service food mart in Monmouth County, New Jersey. The facility is a modern, 5,000 square feet retail business and offers a full menu of foods in various departments including dairy, produce, grocery, etc. The business is located on a four-lane state highway 9 in Monmouth County, NJ with thousands of drive by commuters and a huge number of commercial businesses. The business is fully equipped with modern equipment, which includes refrigeration units and various walk-in boxes, etc. The Seller is absentee, is the landlord, built the facility and will remain as the landlord. The business has limited hours and limited advertising. The sale includes a long-term lease with an option to purchase the real estate. This is a solid opportunity to own a major C-Store / Food Market in a prime area of New Jersey with only key funds. The business requires an onsite ownership and increased hours. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a dependable investment return to the owner operator prior to debt service. This industry does not require government agency approval for the purchaser. The facilities consist of a modern 5,000 square feet C-Store and food mart and fully equipped for high volume production. The business is located on a highly active state highway in an active urban commercial area of New Jersey. This is also a prime commercial area with a huge volume of residential apartments with many shoppers and workers. The business is located in central New Jersey, Monmouth County, which consists of various affluent communities with continued demand for this food service.This particular business has three-part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $5,800. The business has an assignable commercial lease which expires 2035-01-01 plus additional options, with a monthly rent of $6,700 and rent security $10,000. The business facility which consists of 5,000 square feet has a capacity for approximately fifty customers with a large storage area and private office. The sale includes a fully equipped retail food mart C-store, including refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation. The facility has substantial mall private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 8:00 am to 8:00 pm. The sale includes Lotto approval, a certificate of occupancy from the particular municipality and the required food & cigarette licenses approval from the city. The owner will remain post-closing for 30 days and supply a transitional period. The owner is absentee and has an alternative company out of this industry and cannot continue to maintain this business. The business requires on site ownership which will further improve gross sales. To the best of our knowledge, no other new competitors are expected near to this business, and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 gross income is $500,000 and a yearly consistent net income as an onsite operator and before debt service. The owner has priced the business below $100k or best offer based the value of the assets and existing income. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.