Profitable C-Store/ Deli in High Traffic Area

Morris County, NJ

Profitable C-Store/ Deli in High Traffic Area
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Asking Price: Get Financing: $135,000

Cash Flow: $97,823

Gross Revenue: $350,000

EBITDA: N/A

FF&E: $22,500

Inventory: $10,000*

Lease Rate: N/A /SF

Established: 2011

*not included in asking price.

Profitable C-Store/ Deli in High Traffic Area

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Business Description

Beautifully-renovated profitable C-store/Deli in a high traffic safe area. There’s no competition in the real immediate area. Plenty of free strip mall parking out front. Both owners are relocating out-of-state prompting the sale. SALES: Deli 25%, Hot Foods 25%, Cigarettes 30%, Convenience 20%. “All” Furniture, Fixtures, & Equipment valued @ $22,500 are included in sale. OTHER INCOME: Lottery $26,400 & ATM $1,400 = $27,800. OTHER EXPENSES: Security $516 & Pest Control $360 = $876. New qualified tenant should be able to get a longer lease term through the landlord. $20,000 put into wages to cover hiring one worker. Contact Seth @ 201-317-4710 for additional details & showing.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,850
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,850 square feet. “All” Furniture, Fixtures & Equipment are in excellent condition and are included in the sale. There’s plenty of free strip mall parking directly in front of store. Owners have 4 years 4 months on their present 5 year lease. A new qualified tenant should be able to get a longer lease term.
Competition:
There’s only one other convenience store within a couple of miles of this store.
Growth & Expansion:
A new owner can increase his menu to include hot food items since there’s a large oven along with a metal cutting table in the back. Delivering to a couple of nearby developments & some other select areas would help to boost gross sales & profits.
Financing:
There’s no owner financing at the present time
Support & Training:
Owners will provide up to 2 weeks training at no cost to the Buyer.
Reason for Selling:
Both owners are planning to relocate within the United States.
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Seth Kain

Business Listed By:
Seth Kain

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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