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Businesses For Sale   >>   Convenience Stores Retail Businesses For Sale

Convenience Store / Food Mart Business For Sale

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $450000
Net Profit / Cash Flow  $95000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1960
Number of Employees  1 - 3
Inventory  125000 Equipment Only
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will supply a full transitional period to the new operator and will remain post closing for sixty days.
Reason for Sale  Retiring after many years of success in this industry.

Description  
This Convenience Store / Food Mart in an urban City of Hudson County, New Jersey, home of the Red Bull Arena and the Red Bulls International Soccer Team. This twelve year old food business for sale has a gross income of $450,000 and a consistent net yearly income of $95,000 to the owner operator and will supply a 35% return on investment to the purchaser. The business has $27,000 net income from Lotto & $5,000 net from bus tickets. The business is operational six days weekly, offers a menu of basic deli foods, sandwiches, drinks and Lotto. The owner is retiring after many successful years, will train and finance the sale to a qualified buyer. The facility has a full kitchen which can be further developed with an improved menu. The sale includes refrigeration units, counters, POS computer system, numerous displays, a full commercial kitchen, scales and all required equipment for this industry. The building has a legal capacity for 29 customers consisting of 1,400 square feet with a full basement used for storage. The area has substantial municipal parking nearby to this business location. The business is active six days per week, (closed Sunday), hours 7:00 am to 8:00 pm. The sales includes lotto approval, a certificate of occupancy and a municipal food handler's license. This particular business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $2,950. The sale will include a fifteen year lease term with a monthly rent of $3,000 and a rent security of $3,000. This is a wonderful dependable business opportunity and must be viewed to fully appreciate.


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