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Businesses For Sale   >>   Convenience Stores Retail Businesses For Sale

Convenience Store Deli Lotto

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $725000
Net Profit / Cash Flow  $145000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1975
Number of Employees  6 - 9
Inventory  175000 Equipment Only
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  The seller will remain post closing and supply an appropriate training period.
Reason for Sale  Retiring after many years of success in this industry.

Description  
Owner retiring for this profitable convenience store deli located in Northern New Jersey and on an active county road of Passaic County. This business has a gross income of $725,000 and a verifiable net yearly income of $145,000. The business also offers Lotto, ATM services along with hundreds of products routinely offered in this food service industry. The sale includes a long lease with an option to purchase the property. The owner is retiring after many years in this industry, will finance the transaction and train a new operator. This particular business has six employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll is approximately $7,500. The business transaction will consists of a fifteen year commercial lease which expires 2028-01-01 with an options to purchase the property, monthly rent of $5,000 and rent security $5,000. This retail facility consists of 2,300 square feet with a 42 customer capacity. The sale includes, a fully equipped Convenience Deli business with displays, shelving, commercial kitchen, refrigeration / freezer units, POS system, tables, chairs, computer, including all the necessary equipment to maintain the day to day operation.The facility has substantial private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 8:00 pm. The sale includes, Lotto, ATM, a certificate of occupancy from the particular municipality and license approval from the health department. The owner is presently absentee, however a new on site operator can further improve and develop the bottom line income. Based on the asking price, required down payment and yearly net income, this business expect to supply a 33% investment return to the owner operator.


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