Franchise C-Store in Mall
RETAIL For Sale in NJ
Financial & Assets Details
About the Business
Most unusual business opportunity for this franchise convenience store located in an active commercial in door mall in Northern New Jersey, Passaic County. Owning this franchise c -store is an exciting opportunity to join. This franchise has been a popular and welcomed addition to the neighborhood for many years. From their first franchise, in 1995, they have fine-tuned their systems and operations to provide the best service, highest quality products and greatest convenience to their customers. Today, this franchise c-store is the #1 mall and specialty-based convenience store in the U. S. with more than 40 Franchises, located only in high-traffic locations such as, malls, hospitals, office buildings and college campuses. By paying close attention to the ever-changing needs of their customers, satisfying them and always focusing on the heart and soul of their operation - their family of franchisees is fulfilling their dream. The business transaction has an assignable commercial lease which expires 10/01/2023, plus additional options available, with a monthly rent of $4,882 cost per square foot is estimated at $58.58 and rent security of approximately $11,250. The business has been valued / priced at $150,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.
Growth & Expansion
The business can be further expanded by the new onsite owner operator, an improved marketing plan and local advertising, which can further develop the business yearly gross sales.
Will be considered to a qualified buyer.
This business is an established franchise
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
This retail facility consists of approximately 1,000 square feet with an attractive and modern appearance which has been recently redecorated. The business is in a large indoor commercial mall with many other active and successful businesses. This opportunity is in Northern New Jersey, Passaic County, which consists of various highly populated communities with continued demand for this industry.
Support & Training
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
Sale is due to owners alternative business out of the area.