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Profitable C-Store in Heavily-populated Safe Town!

Bergen County, NJ

Convenience Store
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Asking Price: $119,000

Cash Flow: $90,470

Gross Revenue: $285,000

EBITDA: N/A

FF&E: $15,000

Inventory: $20,000

Rent: $0.00

Established: 2016

Profitable C-Store in Heavily-populated Safe Town!

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Business Description

A profitable convenience store in a high-traffic, affluent area. It’s very close to Route 4 where there’s a very high volume of people. There’s no direct competition for at least 1 mile. It’s located on the grounds of a branded gas station & there’s plenty of space to park. A husband/wife team operates it & have other “All” Furniture, Fixtures, & Equipment valued @ $15,000 is included in the sale. A new owner should sell more breakfast-type food to increase gross sales/cash flow. OTHER INCOME: Lottery $8,000 & ATM $1,200 = $9,200. A new qualified tenant can get a lease assignment or renegotiate a new lease thru the landlord. Contact Seth @ 201-317- 4710 for additional details & showing.6085SK

Detailed Information

Location:
Bergen County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
700
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Approximately 700 sq. ft. “All” Furniture, Fixtures & Equipment valued at $15,000 are in very good condition and are included in sale. A new qualified tenant can get a lease assignment or can renegotiate a long term lease thru the landlord. The present owner has 9 years left on his present lease
Competition:
There aren’t any other Convenience Stores for around 1 ½ miles away from this store. The location is ideal since the store is located on the grounds of a Gas Station and there aren’t any other Gas Stations within a mile. The nearest C-Store and Gas Station are both on adjoining highways. This store and station are located in a residential area off a major thoroughfare.
Growth & Expansion:
A new Owner should add more “breakfast type” food to increase its gross sales. It makes sense to do that since coffee is already being sold. It’d be a good idea to do some advertising and promotion due to the very large town population and the many area schools and churches.
Financing:
There’s no owner financing being offered at this time.
Support & Training:
Owners will provide up to 2 weeks training at no cost to the Buyer.
Reason for Selling:
The two owners have other business interests
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(from currently available funds)
 
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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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