Successful C-Store for Sale

Englewood Cliffs, NJ (Bergen County)

Successful C-Store for Sale
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Asking Price: $135,000

Cash Flow: $90,000

Gross Revenue: $1,150,000

EBITDA: N/A

FF&E: $20,000

Inventory: $23,000*

Rent: $4,697 /Month

Established: 1990

*not included in asking price.

Successful C-Store for Sale

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Business Description

This is a well-established community store that was renovated in 2018. $60k renovation in 2018 included new AC, counters, shelving, humidor, sinks, furnace, and flooring. Sales are up 12% in the first 6 months of 2019 compared to the same period last year. This store draws from the surrounding offices at a prime location on a busy street with no competition for at least a mile in each direction. The mornings see brisk coffee sales, followed by plenty of snacks, drinks, lottery, and cigarette sales. The store is currently profitable, with $40k annually from lottery alone.

Detailed Information

Location:
Englewood Cliffs, NJ
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
800
Lease Expiration:
3/10/2020
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All new POS system, LED lighting, two large storage rooms, new flooring, new counters for coffee service, 1-year-old AC unit and furnace, new humidor and shelving.
Competition:
Literally the only convenience store in town. Located next to a busy UPS store, cleaners, and Post Office. Nearest store is a mile and a half down the road in the adjacent town. Nearest chain (7-11) is two miles down the road.
Growth & Expansion:
Currently open every day but could easily benefit from being open more hours on those days.
Support & Training:
Seller will stay on for a week to train buyer at no extra charge.
Reason for Selling:
Owner is moving.
Business Website:
http://www.facebook.com/Annies-Corner-Store-704933579842185/
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Business Listed By:
Matthew Frank

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