Convenience store with full basement for storage and 3-bedroom apartment offered for sale with the business and real estate. Well-established local customer base within walking distance and constant flow of traffic. It is a full service convenience store with groceries, large selection of beer and wines, dairy, ice cream, lottery, ATM and takeout deli for subs and salads. The Seller has made a number upgrades over the nearly 20 years of ownership.
Apartment is currently used for family members but could be leased for additional income. Market rent is approximately $1500 per month ($18,000/year).
Business Price: $665,000 (includes Real Estate)
Inventory: $60,000 (Est)
Furniture, Fixtures, & Equipment (FF&E): $32,000 (Est)
Sellers Discretionary Income: Disclosed with NDA
Real Estate: Included with Business
Facilities:It’s a Mixed Use building comprising of approximately 3000 SF+/- residing on .08 acres +/-, corner location. The building has a 1500 SF +/- convenience store with cold deli counter with a 1500 SF +/- basement for storage. In addition, there is a 3-bedroom/1-bath apartment on the second floor. The apartment has 6 rooms, separate utilities and washer/dryer.
Competition: There are competitors in the market but still lots of room for growth.
Growth & Expansion: Company has a strong customer repeat business. Many opportunities for growth such as: increasing the selection of prepared foods; offering delivery service to local residences and businesses, adjusting overall merchandise selection and increasing marketing spend.
Support & Training: Seller is willing to assist in support and training.
Reason for Selling: Relocating to be with extended family and new business opportunity