“Bringing Mid-Market to Main Street” Most Middle Market M&A firms only consider transactions with valuations in excess of $20 million. Due to their structure and overhead, they tend to concentrate on larger deals and prefer not to be bothered with the challenges of smaller, family-owned companies. Traditional Business Brokers handle the sale of small retail and service “Main-street” businesses, typically with revenues of under $1 million. While these firms may attempt gain listings within the lower middle-market, they typically lack the knowledge, sophistication and resources to represent these business owners in the best possible manner. In the end, this approach often proves very costly for the business owners these brokers claim to represent. MidStreet was founded with the intention of addressing the under-served market that falls between these two segments, thus providing lower middle-market, privately-owned businesses with a level of representation previously made available only to much larger companies.
The potential buyer must understand that he or she is purchasing a business location rather than an ongoing business. A key part of the Dealer’s business plan for this location is that they want to lease the location to an experienced operator with some restaurant/fast food experience. Any purchaser of this business must be credit worthy and be willing to sign a lease with the Distributor/Landlord as well as an Operator agreement with a 50/50 commission split, with ultimate approval as an Operator determined by the distributor, Cherry Energy, of Kinston, North Carolina. NOTE: Buyer should have a minimum liquid assets of $80,000-$100,000., to be considered for this business location. The restaurant has a full kitchen, dry storage area, walk-in storage refrigeration and walk-in freezer, drive-thru window, Captive-Aire hood system with fire suppression. The Convenience Store sells PURE Branded fuel (2 MPD’s and Diesel Pump with Verifone Ruby system offering credit and cash purchases . Manager’s office also has a private shower. The Owner-Distributor is looking for an operator with proven food service skills and the appropriate food concept for the site. Location is on NC Highway 70 near major retail and industrial centers as well as a new residential development just behind the location. The Owner-Distributor supplies the fuel and is responsible for the tanks, gas pumps and canopy The Traffic Count exceeds 35,000 vehicles daily The Owner-Developer maintains exterior landscaping as well as imaging for the BP Brand. The site is clean, the building has been renovated and updated and is ready for the right operator to stock it, move in and open for business. ‘Pay At The Pump’ 24 hours a day, even when the store is closed.
"We are a family run restaurant specializing in southern soul comfort food. We also provide catering services six days a week. Four generations of quality food and service." Christopher's Café serves a loyal band of customers for breakfast and lunch. Evening service was discontinued some time ago. The restaurant draws a diverse crowd of diners from throughout the community, business owners and managers, professional leaders, sports, cultural and media leaders, and government officials. Christopher’s is a “must stop” for any politician looking for votes in Eastern North Carolina. Mr. Maroules has been interviewed countless times by local, regional and national media representatives to gain his insight on Kinston events and issues.Popular restaurant in Kinston opened since 1969! Located in Downtown Kinston off Queen St. Buildings must go with the business.
*Inside Sales: 21,000 (Monthly Avg)* *Lottery Commissions: 21,000 (Monthly Avg)* *The Cooler and HVAC are in great condition. The store is also primed for food service, although food is not currently being sold. This is an outstanding opportunity to become a small town favorite!*
near Kinston, NC
(JS) Convenient Store, Kitchen near Kinston, NC - Cash Flow: $8,700/month net – PRICE LOWERED Asking: $80,000 + Inv. In: $40,000/mo. Lottery, ATM & Video Games: $2,560/mo. net. Kitchen: $6,000/mo. Shop Rental: $250/mo. net. Rent: $1,900/mo. Store: 1,200 Sq. Ft. Equipment rental of $2,500/mo. will be paid off in Dec.’16
Business listed by:
Unknown Broker Company
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