Established Neighborhood Convenience Store In Pinellas County For Sale

Business description

Established neighborhood C-store in middle-class area. A regional 4-year college is across the street and two large private schools are within blocks of the store. A major regional enclosed shopping mall and commercial business center are less than one mile away. In addition to the Store food and beverage sales, additional revenues come from lottery, ATM commissions, utility collection commissions, and other misc. fees. An EBT food stamp machine has recently been added. The store operates on a 25% gross margin.

Property information

Location:

Included in the sale is a large stainless steal grill, SS hood, meat slicer, Cuban sandwich press and a deli cutting/prep table that are not being used. The camera system and monitor are owned by the seller. The landlord has indicated they will give a new owner a five-year lease with two five-year renewal options with modest annual increases. The lease security deposit is one month's rent.

Size in square feet:

2,000

Business Operation

Expansion potential:

Only advertising being done is to sponsor a local little league team and donate around $300 to the police fund raiser. Putting coupons in the local Flier paper, Valpak coupons, etc. would help. Add check cashing, serve hot food and sandwiches using existing equipment not currently being used would also improve business.

Competition / Market:

The closest competitor is a C-store that caters to the Asian community. All other competitors are approximately one mile away, or further.

Reasons for selling:

Owner is moving back home to take care of ailing mother

Trading hours:

Mon-Thurs 7am-9:30p, Fri & Sat 7am-10pm, Sun 7:30am-9pm

Employees:

1PT

Years established:

30

Other information

Support & training:

Will train for 1 week @ no cost

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

65,900 down/50k for 36 mos @ 8%

Furniture / Fixtures value:

$70,000 (included in the asking price)