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Great Convenience Store
Location: United States -> Connecticut -> New London County
Industry: Retail > Convenience Stores Retail




Business Summary

This fifty years-old convenience store is located at the corner of an intersection, which is the center of a very busy commercial zone in New London CT. It is a free-standing building, having its own parking space. Rent is just $2250; there is a fully furnished apartment on top of the store, which can be rented out for $500 a month, or a new buyer's employee can reside. From inside, the store is spacious and nicely decorated. It is laced with lotto, beer, cigarettes, ATM, coffee & breakfast, etc. The business earns $1600 a month in commission, through lotto. Its monthly gross sale is over $40,000. Hours of operation are 7am to 9 p.m. The seller's net cash flow, after paying all the expenses, is $8,000. The seller must sell this profitable business, because the seller, along with his family, wants to go back to his native country. If location is important and vital, this business has a great location.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $472,000
Cash Flow:   $98,260
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $30,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1964
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Seller Will Provide Training
Reason For Selling:  Other Business Interests

Photos

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Great Convenience Store Photo 1 Great Convenience Store Photo 2 Great Convenience Store Photo 3




Print Listing Id: 700229365


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Related Searches: Catalog and Mail Order Retail  >  Clothing and Footwear Retail  >  Computers and Electronic Equipment Retail  >  Convenience Stores Retail  >  Florist Retail  >  Health and Beauty Supplies Retail  >  Home and Garden Retail  >  Movie Rental  >  Wedding and Formal Rental  >  Other Retail  > 

Also See: Franchise Opportunities > Franchise Resales > Connecticut Businesses For Sale > Connecticut Franchises For Sale > Connecticut Business Brokers



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