Convenience Food Store

Somerset, NJ (Somerset County)

Convenience Food Store
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Asking Price: $395,000

Cash Flow: $250,000

Gross Revenue: $650,000

EBITDA: N/A

FF&E: N/A

Inventory: $45,000*

Real Estate: $995,000*

Established: 1980

*not included in asking price.

Convenience Food Store

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Business Description

Profitable Convenience Food store for Sale. LOCATION!

Profitable and well known convenience food store for sale in Somerset/New Brunswick, NJ. Busy, well-established neighborhood grocery and convenience store.
Large, local repeat customer base. Located on busy street which in the last 12 months has seen several new multi-story residential buildings go up nearby. Current owner has managed business for over 20 years, and now has other interests. One of few businesses/lots with its own parking.
Great opportunity for hands-on owner, and profitable enough for absentee owner. Huge lottery business. Has lottery machine and lottery vending machine.
Store is using only 2000sq ft. Has an additional 2200sq ft with office being used as storage. Has room to add prepared food area to increase sales or add separate business. 2nd business and/or rental units above the current structure are possible to develop.
Located less then a half mile from Robert Wood Hospital and Rutgers University.
Will entertain selling business with or without property. Can offer package deal.
The price is right- this won't last long.

Detailed Information

Location:
Somerset, NJ
Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
4,200
Employees:
3
Competition:
Minimal competition on the street.
Growth & Expansion:
Huge Lottery business. Cash flow includes lottery commissions. Owner currently does not sell hot food. Adding deli or hot food and grill will increase business as there is a big need for hot food.
Financing:
Approved for SBA loan.
Support & Training:
2 Weeks
Reason for Selling:
Owner is in a different type of business
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Business Listed By:
DP

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