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Convenience Store (R/E Available) for Sale in Central Connecticut
| Reference #: |
05221616
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| Location: |
Central Connecticut
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| Price: |
$169,000 |
| Amount Down: |
$169,000 |
| Revenues: |
$450,000 |
| Discretionary Earnings: |
$86,400 |
| Total Assets: |
$50,000 |
| Business Description: |
Business is a long established convenience store of about 1,500 sq. ft. doing sales above $400,000 plus lottery commissions approaching $50,000. 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., a converted residence, and a parking lot for about 10 cars, and is available in a separate transaction for $330,000. Some renovation work on the building after purchase will be productive insofar as it is over 50 years old. 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. There is no immediate competition as this location is surrounded by single family residences. It is quite unique in this regard. Inventory of about $30,000 is not included in the purchase price. Some seller financing may be available.
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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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