Spotless Convenience Store with Lotto in Densely Populated Neighborhood For Sale

Business description

Newly-renovated convenience/grocery store just off busy suburban highways in diverse residential neighborhood. Retiring owner states that a little attention and energy—and focus on customer demographics--would boost revenues substantially. Lotto alone pays the rent.

Property information

Real Estate:

Lease

Premises details:

Leased, 850 sq. ft. bright & clean storefront in strip mall along busy road feeding onto highways. Hair salon and laundromat in mall provide added draw. Lots of street parking along front of strip mall. Includes all refrigeration equipment, shelving and displays.

Other information

Expansion potential:

Hours can be expanded (currently closes at 9PM daily and is closed on Sunday). Owner states that expanding ethnic grocery offerings, beer & soft drink selections, and adding coffee service would enhance business significantly. Owner also states that store has been approved for Western Union service and that this addition would greatly increase store traffic and revenue, as would compliance with government food stamp and “WIC” programs.

Competition / Market:

No other convenience store with beer license in close proximity, and no grocery stores tending to local ethnic populations.

Support & training:

Yes

Reasons for selling:

Wants to retir

Trading hours:

7am - 9pm Mon-Sat

Owner financing:

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

Financing available:

Will consider all offers

Furniture / Fixtures value:

$12,000 (included in the asking price)

Inventory / Stock value:

$2,000 (included in the asking price)