Established Convenience Store on Greers Ferry Lake. Motivated Seller!

Quitman, AR (Cleburne County)

Established Convenience Store on Greers Ferry Lake. Motivated Seller!
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Asking Price: $199,900

Cash Flow: $45,000

Gross Revenue: $325,000

EBITDA: N/A

FF&E: $18,000

Inventory: $25,000

Real Estate: N/A

Established: 2016

Established Convenience Store on Greers Ferry Lake. Motivated Seller!

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Business Description

Profitable business on Greers Ferry Lake in Arkansas Motivated Seller!

This is a turn key business with an already established customer base and over 1200 followers on Facebook with a 5/5 customer rating. It is located 1 mile from Cove Creek Park recreation and campground which has 63 campsites and 2 boat launches located on beautiful Greers Ferry Lake. The interior of the building was completely remodeled and brought up to date including new flooring, paint, and kitchen. There is also a bait shop inclosed and attached to the building with access from inside the store with 2 minnow tanks and cricket box. This space is also used as extra storage that is not included in the actual store space of 1200 square feet. The store also includes a deck with 3 large picnic tables so customers can enjoy their lunch. There is a smokehouse out back that is regularly used for BBQ. The property consist of two gas pumps and tanks that convey with the property, which are EPA compliant and in use. It also has a small deli/kitchen used to make breakfast and lunches. Sell will include refrigerated kitchen prep table, 2 stainless steel prep tables, stove, refrigerator, 3 door cooler, 2 door freezer, pizza oven, meat slicer, 2 minnow tanks, 1 smoker, cash register, antique counter top, 1 deep freeze, 6 sets of double sided shelving, table and 4 chairs, and outdoor coke machine that is owned. This store already has established relationships with suppliers for grocery, tobacco products, ice cream, propane, ice, bait, fuel/diesel, sodas, and firewood which will help with an easy transition. When buying this property you will own the land, building, gas tanks, and gas pumps. With the possibility of alcohol sales in 2020 this location will be one of the only in Quitman that can obtain a liquor permit due to the fact that there are no churches or schools located within 1000 ft of the store. The growth and expansion that is possible for this store are phenomenal, and I truly wish I could continue my success with it, but life has other plans at the moment. This business is an excellent return on your investment.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
1,200
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased property is a Coke cooler, Pepsi Cooler, Ice merchandiser, Blue Bunny ice cream merchandiser, and Mighty Flame propane merchandiser. The lease agreement on these are that you buy from them, there is no lease payments required.
Competition:
This is a prime location considering everyone that is camping or taking their boat to the water has to pass the store to do so, and they patronize the store very well. There is also a large population around the store that come in on a daily basis.
Growth & Expansion:
There are many opportunities for expansion including bringing in Arkansas lottery, expanding deli, extending hours of operation, selling ethanol gas (currently only sell non-ethanol),obtaining cigarette contracts, and hopefully alcohol sells in 2020.
Support & Training:
Support and training as needed.
Reason for Selling:
Family is relocating.
Business Website:
http://www.facebook.com/covecreekcornerstore
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Business Listed By:
Adrian Griffey

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