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Businesses For Sale   >>   Raleigh Businesses For Sale   

Popular Community Store & Grill

Location  Raleigh, North Carolina, United States
Asking Price Range  $250K - $500K
Gross Revenues  $1900000
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2011
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Reason for Sale  Health issues

Description  
Popular Community Store and Grill in Greater Raleigh Area. This business is a well-established community favorite c-store/gas station with hot grill - breakfast, lunch, and dinner place, 95% of our customer base are regular customers. IT is well-known for one stop shopping for breakfast (biscuits)/lunch (fried chicken, livers and gizzard), c-store merchandise (juices, water, soda, beer, candies, chips, tobacco and groceries). Total inside sales average 74,000 month. The hot food accounts for $28,000/month of these sales and averages 60% profit margin, making this a highly profitable business. Gasoline sales are steady at 28,000 gallons/month. Lottery commission is strong at $1,600/month. There is also additional sub-lease income of $1,225/month. Additional income from ATM, Air Machine, Grease Recycle, and Money Orders. Net discretionary income is $166,000 annually. All equipment (gasoline, kitchen, retail display, register software) is owned by the seller and will transfer with the sale. Key employees are in place and the business is ready for a new owner to step into the role of management. Seller needs to slow down for health issues and is the reason for selling this business. Priced at $315K + Inv, GR $1.9M. Contact County South Business Brokers at 704-821-8888 and mention listing CS97733.


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