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.
Successful Retail Smoke Shop & C-Store
Monmouth County, NJ
Great business opportunity for this successful Smoke Shop & C-Store which also offers, Lotto, ATM and some food products. The owner is retiring after many successful years in the retail industry. The business sales represent 80% tobacco and the remaining income is derived from food products, Lotto and ATM. The customers receive unparalleled services and products from this highly successful Tobacco Shop and they are committed to deliver excellence in everything they market. Their customers feel confident that they are receiving exceptional products and the highest quality services. They carry the highest quality cigar brands, pipe tobaccos, and accessories, also Hookah Tobacco & Hookah accessories. If you are searching for a specific item that they currently do not have, they will do their best to get that item in for you. This tobacco Depot is your one stop shop for all your tobacco needs and they specialize in Roll Your Own (RYO) products and feature a wide selection of premium cigars from all your favorite brands. The sale includes a fully equipped commercial retail store, with various displays, shelving, refrigeration units, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has one employee who is unaware of the pending sale and fully expected to remain post-closing, monthly payroll $950. The business has an assignable commercial lease which expires 2016-01-01 plus additional options, with a monthly rent of $850 and rent security $1,800. The business is located on a commercial avenue in a retail setting which consists of 1,000 square feet and has a capacity for approximately ten customers. The facility has appropriate municipal parking near to the business location. The business is active 6 1/2 days per week, with hours from 9:00 am to 8:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state Lotto license to conduct its day to day business. This is a dependable wonderful and safe 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. 2015 yearly income is $220,000 and yearly net income of $70,000 prior to debt service, inventory wholesale value based on dollar for dollar. The asking price is $99,000 and this sale is based on a multiple of the net yearly income along with the specific value of the assets and seller financing has been approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.