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BUSINESS FOR SALE - PROFILE #  05221616

Convenience Store (R/E Available)
Central Connecticut

Asking Price: $159,000   Down Payment: $159,000  
Gross Revenue: $388,782   Adj. Cash Flow*: $90,642  
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Executive Summary
Business is a long established convenience store of about 1,500 sq. ft. with sales of about $400,000 per year plus lottery commissions above $50,000 per year. Owner runs the business with his wife and one part time employee. Business serves a safe, upscale neighborhood. The real estate of land and building encompasses about 15,000 total sq.ft. including the building of about 3,000 sq.ft. which includes the store and two separate rental apartments and a parking lot for about 10 cars.The real estate is available as a three year option transaction for $330,000. Some renovation work on the building after purchase will be productive insofar as it is over 50 years old and could include some expansion of the store. The product line includes the customary convenience items of coffee, milk, bread, snacks, chips, canned goods, deli foods, soda, beer, etc., nearly everything consumers look for in a quick stop. The Deli needs to be enlarged to take advantage of the opportunity. There is no immediate competition in convenience items or deli as this location is surrounded by single family residences. It is quite unique in this regard. Inventory of about $25,000 is not included in the purchase price. Some seller financing may be available.

Acquisition Highlights

  • Training Information:  2 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1960 Inventory: $25,000
Employees: 0 FT, 1 PT Furniture, Fixtures & Equipment: $50,000 Included
Lease/Rent: $1,800 Real Estate:
Building Sq Ft: 1500
    Total Assets Included in Sale: $50,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Bob Capozzi
Phone:  (203) 878-0554
E-mail:  venture.grp.prtnrs@snet.net
VR Business Brokers - Milford, CT
99 Cherry Street
Milford, CT 06460-3455
The above company and/or agent is a licensed real estate broker/and or a business broker.
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