Highly Profitable Convenience Store with Real Estate in Popular Seacoast Town, for Sale!

Description

Highly profitable and rapidly growing convenience store with deli located in popular seacoast New Hampshire town. The Business and related property has undergone major improvements and complete renovation as revenues continue to grow by double digits year after year. The Business has a well-established local customer base, and is surrounded by numerous businesses, an industrial park, a large campground, housing developments, and two schools. There is a constant flow of drive by traffic on a main route with little nearby competition.

The convenience store features craft beer and wine, lottery, ATM, a coffee bar, and a selection of groceries and convenience items. The Deli and Pizza portion of the business has only flourished during recent times with takeout and delivery demand on the rise. Recent additions to the kitchen and other opportunities for growth will only push sales higher. A great opportunity to build on continued success.

Detailed Information:

Business Price: $595,000

2020 Projected Revenues: $1,550,000

2019 Revenues: $1,200,000

Inventory: $25,000 (Estimate and in addition to Business Price)

Furniture, Fixtures, & Equipment (FF&E): $43,000 (Est)

2020 Seller Discretionary Income: $316,000

2019 Sellers Discretionary Income: $233,000

Real Estate: $450,000

Facilities: The Business is in a freestanding building on .24 +/- acres.  It’s a highly visible location with heavy traffic flow of residents and commuters and is nearby major highways.  The building comprises nearly 1600 Square Feet on the ground floor with a full unfinished basement used for storage.  There is plenty of onsite parking for employees and patrons. The Real Estate is priced at an additional $450,000.

Competition: There are no other similar type convenience stores and/or small markets within a few miles of this location.

Growth & Expansion: The Company has a strong customer repeat business.  Many opportunities for growth such as: expanding hours of operation; increasing the selection of prepared foods and beer selection; expansion of catering to local businesses and schools; and increasing marketing spend.

Support & Training: Seller is willing to assist in support and training.

Reason for Selling: New business opportunity

To Receive the Confidential Package on this business please complete the attached NDA and email to info@firststreetbb.com or fax back to us at 603-501-3241.  The location listed on the map below is not correct.

Real Estate offered through our Broker, Bean Group, 1-800-450-7784.


Location