Franchise Convenience Store
RETAIL For Sale in NJ
Financial & Assets Details
About the Business
Wonderful business opportunity for a solid money maker for this long standing and highly successful convenience & deli business in a wonderful area of Southern New Jersey. The business has a 2018 gross yearly income of $1,968,000 and a consistent net yearly income to the present absentee owner which can be substantially improved with an onsite owner operator. The business is fully computerized consisting of a state-of-the-art POS system. The company also has a very profitable Lotto net income of approximately $42,000. This company has six full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $9,900. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $11,040 all in, cost per square foot is estimated at $90.30. and rent security of approximately $25,000, 3% yearly rent increases. The business has been valued / priced at $350,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Transfer franchise fee is approximately $25,000, also, seller has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Growth & Expansion
The business presently has a limited marketing plan with an absentee owner, if the new operator will be an onsite owner operator the business can be further develop the business yearly gross sales. This site is also approved for a Chicken franchise business with high projected sales.
Available with an appropriate down payment.
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 high-volume retail facility which consist of approximately 1,467 square feet with an attractive and modern appearance. The business is a corner property and consists of a free-standing building in a commercial area with many other active and successful businesses. This opportunity is in Central New Jersey, Ocean County, which consists of various densely populated communities with continued demand for this industry.
Support & Training
The present owner is absentee and will supply appropriate training, additionally the franchise will require two weeks of training at the franchise headquarters out of the state of New Jersey.
Reason for Selling:
The sale is due to the owner is relocating out of the state of New Jersey.