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Convenience Store for Sale in Southern Connecticut
| Reference #: |
05221625
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| Location: |
Southern Connecticut
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| Price: |
$199,000 |
| Amount Down: |
$199,000 |
| Revenues: |
$570,000 |
| Discretionary Earnings: |
$78,324 |
| Total Assets: |
$45,000 |
| Business Description: |
Business is a thirty year-old convenience store located in a downtown business district. Sales run in the $500,000 to $600,000 range annually. A new ten-year lease beginning at $1,500 per month was recently signed expiring in December, 2021 with options. The store is 1,450 square feet. Current owners have run the store since 1995 and it has provided a very decent living to them. Products include the typical convenience store and grocery items while services offered include lottery and utility bill payments. Lottery commissions were $34,000 in 2010. Deli sandwiches, salads, etc. could be added by the new owner but current ownership has never offered these items. This is a very busy downtown store and a deli would be a welcome addition to customers. Business is in the center of town, a prime location. Equipment includes a brand new walk-in cooler, a new combination A/C and heating unit, laptop computer & printer, refrigerator, microwave and a security monitoring system. Inventory of roughly $25,000 is not included in the sale price. |
Contact Us About This Business For Sale
The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business. |
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