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Convenient Store

Clinton, TN (Anderson County)

Convenient Store
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Asking Price: $65,000

Cash Flow: $60,000

Gross Revenue: $675,000

EBITDA: N/A

FF&E: $15,000

Inventory: $35,000*

Rent: $3,000 /Month

Established: N/A

*not included in asking price.

Convenient Store

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Business Description

Independent(gas)Anderson County Tennessee convenient store open with new ownership for 11 months in 2018.(Feb-Dec) Eleven months sales over $450k with 2019 sales on a solid increase tracking sales to be in the $700k range. Eleven months in 2018 generated over 36k cash flow and 2019 tracking cash flow over $60k.
Business has big upside as it is fitted with 14 foot hood system, flat grill, fryers, ice machine, 3 comp sink and two large walk in coolers. Present owner has it set up but has not put it into operation, a great opportunity to increase revenues. Additionally building has an active drive thru that can be improved on to add more revenues. Store has an updated POS system and 12 security cameras.
Seller asking $65k plus inventory, with inventory averaging $35k.
Owner is motivated to be with family that recently moved out of state.

Detailed Information

Location:
Clinton, TN
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,184
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2184 square foot free standing building. Lots of space to expand and add additional products. There are 4 pumps with a 6000 gal. tank and 4000 gal. tank providing regular gas. A 4000 gal. tank provides premium gas and a 500 gal. above ground kerosene tank with seperate pump. Lease runs to January 2021 with two 5 year options. Rate is $3k per month and the first 5 year option increasing to $3,250 per month for 5 years.
Growth & Expansion:
Big upside with kitchen setup and drive thru.
Support & Training:
Owner providing 14 days of training for smooth transfer of business.
Reason for Selling:
Daughter and grand daughter moved out of state. Wants to be with them again.
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(from currently available funds)
 
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Darrel Sheley

Business Listed By:
Darrel Sheley

TNbusinessbrokers

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