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Listed by:

Executive Business Brokers

Profitable And Busy Convenience Store In Safe Area For Sale

Morris County, New Jersey, US
Asking Price:
$145,000 (USD) Inventory / Stock included
Sales Revenue:
$126,000 (USD)
Cash Flow:
$91,645 (USD)

Nice convenience store located off a major thoroughfare in high traffic, safe area. There's mo competition from good 2 miles. Many area residents & employers from local businesses have frequented the store going back 21 years. Plenty of parking in a back lot along with street parking out front. Husband & wife team plan to retire prompting the sale. They'd consider financing up to 15% of a sale. Furniture, fixture & equipment valued @ +/- $20,000 are included in sale. There's some deli equipment including a sink so a new owner can easily start up a deli if so desired. Other income: lottery $72,500 & ATM $2,700 = $75,200. New qualified tenants should get a minimum of 10 years in total. Contact for additional details & showing.

Property Information

Premises Details:

There are approximately 1,200 square feet of leased space. There's plenty of parking in a back lot along with free parking right out front. Owners have one year left on their 5-year lease with one (5) year option. Rent is very reasonable. A new qualified tenant should be able to get a full 910) year lease. Furniture, Fixtures, and Equipment are in very good working condition and are included in the sale.

Business Operation

Expansion Potential:

A new owner could do some local advertising & promotion to area businesses.

Competition / Market:

There isn't another convenience store for a good 2 miles from this store. A lot of employees from area businesses frequent the store.

Reasons for selling:

Two owners are both retiring

Trading hours:

Mon-Fri 6am-8pm & Saturday 7am-6pm, Sun: closed

Employees:
none
Years established:
21

Other Information

Support & training:

The sellers are offering two full weeks of training at no cost to a buyer.

Inventory / Stock value:
$15,000 (USD) - included in the asking price

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