This growing franchise convenience store in Norwalk is undoubtedly one of the nicest, cleanest and spacious businesses of its type. The store offers its patrons plenty of parking, beer and wine, and lotto sales, as well as a very unique build-out, unlike others of the same brand. The store is located in a high traffic retail complex with complementary neighbors and high traffic institutions nearby.
Asking Price $259,000
This 2,935 sq. ft. facility leases for $7,935 per month plus $2,500 in common area maintenance expense (CAM) on a lease with coverage until August 2021, and two ten year options. All of the business's furniture, fixtures, equipment, beer and wine license, and franchise rights will be included in the sale.
While other competition exists nearby, this location boasts excellent street visibility, a high level of cleanliness, onsite parking, a unique build-out / offering, and an extensive inventory, which provide it a unique competitive long term advantage.
This store has a strong year over year growth trend which is anticipated to remain for the next few years. A new owner may seek to work with the franchisor, and engage in more aggressive local marketing to further bolster short term growth. While such campaigns may be traditional in nature, low cost grass-roots efforts could also pay high dividends due to the high concentration of area high schools and employers.