Convenience Store in New Castle County For Sale

Business description

What makes this 7-11 very unique is the fact that there is no grocery store near by so they sell frozen food/milk/eggs/bread and canned grocery items all year around, This is unique to this store and groceries part is recession proof . This means unlike other 7-11s, their business is steady year round. However, a 20% increase is experienced during the summer months due to construction workers and other manual labor who buy liquids on their way to work. 30% of their customers are foot traffic and they need this store to buy their groceries. This store is one of the safest stores in New Castle county mainly due to: a) An excellent security system b) Being only 5 minutes drive from the State Police c) Being next to a busy post office

Franchise terms

7-11 FRANCHISEE fee depends upon the gross profit, it will be approx. $129,000 for this store, 7-11 franchise length is for 15 years. A $20,000 will be needed for inventory down payment. All inventory for the store is paid by 7-11, and they charge interest on that. Inventory down payment will be returned to the owner once the store is sold.

Property information

Location:

Standalone building with ample parking on a busy Highway.

Other information

Expansion potential:

Store is located next to an interstate, which brings trucks and other travelers. Once a 7-11 sign is placed on the interstate (7-11 has petitioned already) a minimum of 5% increase in business is expected almost immediately.

Competition / Market:

NO in-kind competition. Zoning Laws have prevented competitors such as Wawa to move in to the area. Store is on a bus route and it is next to a large post office, which has sorting operations at night time and they are regular customers. An Industrial Park located near the store also provides regular customers. Employees live within 5 minutes walk from the store, a big plus for those who do not have or do not wish to use their car to commute.

Support & training:

Due to experience of employees, it should be a smooth transition, however owner will train for 20 hrs/week, for 4 weeks, when 7-11 Person is not there. Due to employees experience this might not be needed

Reasons for selling:

Entering semi retirement while working part time closer to home & family.

Trading hours:

24-7

Furniture / Fixtures value:

$8,000 (included in the asking price)

Inventory / Stock value:

$20,000