High Margin C - Store In Affluent Area
Location Massachusetts,United States
Asking Price Range $250K - $500K
Gross Revenues $760000
Net Profit / Cash Flow $180000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1959
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The seller will assist the buyer with training and support.
Reason for Sale Personal.
Description The seller will assist the buyer with training and support.
A high-volume convenience store for sale in an affluent area in the greater Boston area is available for sale. Established 50 years ago, this business is well-known in the area. This market benefits from the fact that local residents have to walk down and up a steep hill to shop at the local grocery store. Monthly sales are averaging $60,000 and the store is on track to gross over $700,000 in sales this year at a gross profit around 45% or more. The estimated cash flow for the working owner is approximately $180,000.
This store generates its revenue from sales of cigarettes, groceries, prepared foods, and lottery. It also owns the ATM on site. The store is open from 7am to 11pm every day.
The location has approximately 1,600 square feet plus 900 square feet in the basement. It is located in a residential neighborhood and there is no off-street parking. Most of the customers are working professionals and students living nearby. The location has a walk-in cooler and freezer. There is also an ATM machine on site that accounts for approximately $650 of additional revenue per month.
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