Listed by Southeastern Business Brokers
$120,000
Non-Gas Convenience Store in a Growing Market- WAR120
Details
Property Type Business for Sale
Sub Type Business Only
Year Built 2008
Business for Sale
Marketing description
Non-Gas Convenience Store Business in a growing market and located on a well-travelled street. New Housing was just built nearby and in the surrounding nearby. The store is located in a neighborhood with more expected growth and gentrification. The business itself has been neglected and the owners are preparing to retire and have not attended to the store or competitive product marketing. There has been a sales decline because of it but the improvements can easily be made. The store should add lottery sales to the mix for an immediate boost in sales numbers as well as add products that other stores in the area are selling.
Extending the operating hours would also increase the sales.
Only $1700 per month rent makes this a low expense business operation. Inside sales are currently averaging $25,500 per month.
Investment highlights
- Inventory: $35,000 Not included in asking price
- Competition: The market area surrounding the store is experiencing rapid growth from the construction of single-family homes as well as apartments.
- Growth & Expansion: Tremendous Growth opportunity by adding income streams like the NC Lottery, adding product lines, and extending the operating hours.
- Reason for Selling: Owners are preparing for Retirement
- Lease: only $1700 per month rent 5-year lease with two 5-year renewal options, 5% increase at each renewal
Listing Contacts
Listed by Southeastern Business Brokers
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