Convenience Store For Sale

Business description

Store is totally underutilized as owner is absentee and has husband/wife friends operating store. Gross sales from tax returns show store generating between $185,000-$190,000 annually with gross profit margins in the 7 1/2%-8 ½% range. Lottery commissions are in the $55,000-$60,0000 range. Obviously, the store is generating traffic as evidenced by the high lottery commissions. With such low gross profit margins, something is amiss. The store needs an owner operator who can clean the store up and take advantage of the lottery customers to generate greater product sales. Store has beer license but does not have large variety. Owner anxious to sell.

Property information

Real Estate:

Lease

Lease terms:

Approximately 3000 sq. ft. store that was originally a 7-11. Present lease runs through 9/22/09 and is gross lease at $2,000 per month and includes snow plowing. A five year lease will be available at $2500/mo., including CAM charges. Store has a ten-door walk-in cooler, plus (1) 3-door cooler plus (1) 2-door freezer. Also, the above mentioned deli case. The store is fully equipped but totally underutilized.

Other information

Expansion potential:

There is an operable deli case not being used, that could generate sandwich sales, salads, etc. The store is not attractive from the outside or the inside. A good operator can take advantage of these shortcomings to make the store more appealing to the already active traffic flow.

Support & training:

Owner will advise.