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Listing ID: 2788857

Franchise Convenience Store For Sale

Ocean, New Jersey, United States

$ 475,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 1,921,613

Cash Flow: $ 118,618

Business Description

A solid money maker for this long standing and highly successful convenience & deli business in a wonderful area of central New Jersey. The business has a gross yearly income of $1,921,000 and a consistent net yearly income to the present absentee owner which can be substile improved with an onsite owner operator. The business is fully computerized consisting of a state of the art POS system. The company also has a very profitable Lotto net income of approximately $11,000. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate. This company has six full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,900. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $11,040 all in, cost per square foot is estimated at $66. and rent security of approximately $25,000, 3% yearly rent increases. The business is in a free stranding commercial facility, on an active county road, consists of approximately 2,000 square feet and has an estimated capacity for fifty customers. The business fixed assets has an estimated value of approximately $180,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail store, which includes, required licenses, refrigeration & freezer units, web site, social media venues, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. This convenience deli business operation is active seven days per week, with hours from 5:00 am to 11:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $475,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Transfer franchise fee is approximately $25,000, also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Property Details

Size:

2000

Property Type:

Lease

FF&E:

$ 180,000

Inventory Value:

$ 1,500

Other Details

Business Location:

This high-volume retail facility which consist of approximately 2,000 square feet with an attractive and modern appearance. The business is a corner property and consists of a free-standing building in a commercial area with many other active and successful businesses. This opportunity is in Central New Jersey, Ocean County, which consists of various densely populated communities with continued demand for this industry.

Competition:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Expansion Potential:

The business presently has a limited marketing plan with an absentee owner, if the new operator will be an onsite owner operator the business can be further develop the business yearly gross sales. This site is also approved for a Chicken franchise business with high projected sales.

Operation Details

Employees:

6

Support & Training:

The present owner is absentee and will supply appropriate training, additionally the franchise will require two weeks of training at the franchise headquarters out of the state of New Jersey.

Miscellaneous

Financing Available:

Yes
Available to a qualified buyer.

Reason For Selling:

The sale is due to the owner is relocating out of the state of New Jersey.

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