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Businesses For Sale   >>   Other Food and Beverage Businesses For Sale

7 - Eleven Convenience Store Franchise

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $1640000
Net Profit / Cash Flow  $45000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1990
Number of Employees  1 - 3
Inventory  210000 Equipment Only
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The owner will remain post-closing for 30 days to supply an appropriate transitional period.
Reason for Sale  The owner is retiring from the industry after many successful years.

Description  
7-Eleven Convenience stores have been the recognized leader in convenience retail, quickly growing into a dominant force in the marketplace that consumers & investors alike are eager to be a part of today. When people think of the 7-Eleven brand, it goes beyond convenience. In its 86 years, 7-Eleven has evolved into one of the strongest known brands in the world. The companyyyyA?s continued success comes in large part from their iconic products, which in turn has become an integral part of American culture. This business has a 2013 yearly gross income of $1,640,000, a consistent net income of $45,000 and based on the asking price, required down payment and yearly net income, this business expect to supply a 30% investment return to the owner operator for the first year. The franchise pays for rent and many other cost and the owner is responsible for the payroll and their one half share of expenses. The franchise transfer fee cost is $122,500 and the training is approximately six weeks at a 7-Eleven business location. This particular business has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $4,500. The business has an assignable commercial lease which expires 2029-01-01 plus additional options and the franchise operator is not responsible for the rent payment. The business facility which consists of 2,500 square feet and has a capacity for approximately thirty five customers. The sale includes a fully equipped retail food mart store, displays, shelving, POS system, tables, computers, software, a commercial kitchenette, refrigeration & freezer units, including all the necessary equipment to maintain the day to day business operation. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, open 24 hours daily.


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