Convenience Store Franchise in Prime Location. Absentee Owner.
RetailFor Sale in Palm Beach County, FL
Financial & Assets Details
About the Business
Top Grandfathered location. Sublease from Franchisor - Avoid Lease Assignment Pr
Drive Thru Convenience Store Franchise in top location. Palm Beach County, South Florida. Business is Absentee. Fully staffed with 2 full time and 2 part time employees. Long term lease in place. 14 Years remaining on the lease. Perfect for local work force or families on the go. Offers Bakery, Cafe, Groceries, Lotto, Propane. Follow the proven franchise concept. Initial training plus ongoing support by franchisor. Long track record of success since 1957. This franchise has their own brand of popular staples such as milk, eggs, icecream and fresh bread which helps build customer loyalty and repeat business. Owner benefit for 2021: $81,311. Current owner stops by a few times a week to check up on the business. This is a recession / pandemic resistant business. 2020 Gross sales approx. $886,000. 2021 Lotto Sales 348,186. Profit on Lotto = 19083. 2022 thu June Lotto Sales 196,222. Profit on Lotto 16,270. This accounts for the higher cost of goods. Average mark up on convenience store items is 35%. ? This can be the first step in acquiring and opening multiple locations. Perfect for an established group interested in investing in South Florida. Can also be for an entrepreneur looking to get into business for the first time or a family that wants additional and consistent income. Possible for an E2 VISA.
Growth & Expansion
Opportunity to increase sales by more advertising both locally and online, start a delivery service. This can be the first step in opening multiple locations. C-store business is consistent.
This is a grandfathered location.
Support & Training
Franchise offers initial as well as ongoing support. Proven concept. They take out the guesswork. Instead of going through trial and error, the franchise guides you and helps you make the most amount of money.
Reason for Selling: