8303-10130 Established and Profitable Corner Convenience Store with H...

Undisclosed Address, Idaho
Business Opportunity for Sale
Catylist Listing ID: 29622570
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $104,000
Year Business Established: 1944
Gross Revenue: $368,432 (Annual)
Cash Flow: $70,162 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 10/14/2017

Overview / Comments

Price reduced, motivated Seller! Location and rooftops are what you look for in a convenience store and this has both! Very well established corner location, this has been a mainstay for area residents and college students alike. This profitable turn key business, with an estimated population of 35,000+ within 5 minutes of the store, has proven profitable, stable and consistent earnings along with the benefit of added growth potential inside the store.

Additional Details

Industry Segment: Grocery and Supermarkets
Reason for Selling: Retirement.
Value of Inventory Included ($): $24,000
Value of Furniture, Fixtures, and Equipment ($): $25,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $459,000
Real Estate Lease Description: This centrally located store has great curb appeal and well positioned on a nicely landscaped corner lot. Easy access in and out of the parking lot onto two different main arterial streets with traffic lights at the intersection. The store is well stocked and spotless. Seller owns the real estate and it is available to purchase.
Employee/Labor Description: 3 FT/1 PT. Monday-Sunday
Mgmt/Training Support Description: Will train for 2 weeks @ no cost. Owner currently manages the store but only works 1-3 days. Basic management duties include ordering of inventory, employee scheduling, banking, etc. Easily absentee owned or with minimal involvement. Sales also include beer, wine, tobacco products along with OTC medication.
Competition/Market Description: There are no immediate competitors in this part of town.
Growth/Expansion Opportunities: Inside the store is spacious and would accommodate growth. Increasing tobacco sales would be an easy boost to the bottom line . Seller also owns two adjacent residential properties that may be purchased for future development. The two homes are currently rentals and the Seller would consider a package deal with the business. Simple creative marketing/social media presence opportunity since there is currently none along with better signage and advertising. Great opportunity for an owner/operator as well if desired although not required. Addition of money orders and check cashing would also increase sales.

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