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Get Started HereConvenience Store; $6.4+ Million Sales: $1.1+ Million Profit; SBA Loan Pre-Approved
RRC#: 3887
Asking Price: Offered At $3,995,000
Location: Sonoma County
Annual Revenue: $6,465,926
Annual Cash Flow: $1,105,179
Monthly Rent: $8,000
Listing Description:
This profitable business has been in business for 73 years and the current owner has owned the business for over 45 years. The business has been approved for an SBA loan which means with 20% down the bank will finance 80% of the purchase price. The store is on a major thoroughfare in a very desirable town and has terrific visibility and easy access. The store consists of the following departments: a deli, a hot and cold foods section, a fresh meat section, wine, beer and liquor section, and produce and grocery section.
Sales have increased yearly as follows: 2017 - $5,996,208; 2018 - $6,185,403; 2019 - $6,334,166 and 2020 - $6,465,926.
Profits have been strong yearly as follows: 2018 - $1,126,454; 2019 - $1,067,672 and 2020 - $1,105,174.
The product mix is approximately as follows: groceries - 29%; delicatessen - 28%; beer - 12%; meats - 9%; liquor -5.3%; carbonated beverages - 5.2%; wine - 4.8%; tobacco products - 4.7%; and produce - 2%.
General Information:
Established: 1950 approx
Current Owner: 1974
Employees: 36 - 12 part time and 24 full time
Reason For Sale: Other Interests
Financial Information:
Monthly Revenue: $538,827
Monthly Cash Flow: $92,098
Annual Revenue: $6,465,926
Annual Cash Flow: $1,105,179
Payroll: Contact For Info
Current Inventory Value: $240,000 approx
Square Feet: 6,000 building; 20,000 lot
Hours: 7 / 6 days 5:30a-8p; 1 day 5:30a-7p
Parking: Parking lot