Hot Listing
Established Convenience Store: $160,000
Business Description
Well-Established Convenience Store on Major Street – $164K Annual Income – Turnkey Operation! Asking price is $220,000 plus inventory.
Here’s your chance to own a profitable and long-standing convenience store located on a high-traffic major street. This business has been serving the community for 27 years, with a strong local customer base and consistent revenue. The current owner has successfully operated the store for the past 2 years but is now selling due to personal reasons (divorce). Current owner works at store about 4 hours a day.
Financial Highlights:
Monthly Revenue: $52,000
Net Monthly Income: $13,700
Annual Net Income: $164,400
High Margins on Inventory: 35%
Multiple sources of income: Bill Pay, Lotto, and ATM totaling $2,700/month
Business Strengths:
Prime location with steady foot traffic
Turnkey operation – Store is staffed with two employees who can stay on if the new owner / operator desires.
Diverse revenue streams including Bill Payment, lottery, and ATM
Low overhead relative to income
Established name in the neighborhood with loyal repeat customers
Opportunities to Grow:
Expand product lines or operating hours
Add Check Cashing or Hot Food for additional streams of income ($30,000 - $50,000)
This is an ideal opportunity for an owner-operator or investor looking for a stable, cash-generating business with room for expansion. Serious inquiries only.
This listing in not SBA eligible.
Here’s your chance to own a profitable and long-standing convenience store located on a high-traffic major street. This business has been serving the community for 27 years, with a strong local customer base and consistent revenue. The current owner has successfully operated the store for the past 2 years but is now selling due to personal reasons (divorce). Current owner works at store about 4 hours a day.
Financial Highlights:
Monthly Revenue: $52,000
Net Monthly Income: $13,700
Annual Net Income: $164,400
High Margins on Inventory: 35%
Multiple sources of income: Bill Pay, Lotto, and ATM totaling $2,700/month
Business Strengths:
Prime location with steady foot traffic
Turnkey operation – Store is staffed with two employees who can stay on if the new owner / operator desires.
Diverse revenue streams including Bill Payment, lottery, and ATM
Low overhead relative to income
Established name in the neighborhood with loyal repeat customers
Opportunities to Grow:
Expand product lines or operating hours
Add Check Cashing or Hot Food for additional streams of income ($30,000 - $50,000)
This is an ideal opportunity for an owner-operator or investor looking for a stable, cash-generating business with room for expansion. Serious inquiries only.
This listing in not SBA eligible.
About the Business
- Years in Operation
- 35
- Number of Employees
- 2
- Facilities & Assets
- 25 Door Walkin Cooler & Separate 5 Door Walkin Cooler
ATM Machine - Market Outlook / Competition
- There are many convenience stores within a 3-mile radius. This convenience store is the largest and has been around for several decades.
- Opportunities for Growth
- The store has plenty of space to add hot food or Check Cashing Machine, both of which should generate at least 20K in income a year.
Real Estate
- Owned or Leased
- Leased
- Rent
- $2,700.00 per month
- Lease Expiration
- 1/1/2040
About the Sale
- Seller Motivation
- Divorce
- Transition Support
- One-month instore training. On call training as needed for an additional two months.
- Financing Options
- Seller financing is available for Inventory
Listing Info
- ID
- 2364635
- Listing Views
- 1972
Listing ID: 2364635 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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