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Semi-Absentee C-store in Cleveland, OH!

For Sale in Parma, OH

Financial & Assets Details

$6,000

About the Business

$3,700

Business Description

Semi-Absentee Convenience Store with $4,700 Lottery Commission in Cleveland, Ohio!

Seller only works few hours in the morning! Seller’s husband had medical problems last year and Seller has been preoccupied taking care of her husband and running the store absentee. Seller wishes to retire!

Seller’s yearly net profit is $70,000 after paying $5,500 per month in payroll! Owner-operator can make over $130,000 per year at the store if they work full-time!

Sales are $37,000 minimum per month! High-margin store! Lottery Commission is $4,700 average per month!

Check cashing commission is $1,000 per month! Seller only does check-cashing in the mornings when she is in the store. She used to do $5,000 per month in check-cashing when the husband was also operating the store.

High potential by adding a deli with hot food and selling vape products!

Easy access to the interstate! Busy Location with high daily traffic. Average of 500+ customers per day. Nearly 136,000 total households within a five-mile radius with a population of over 320,000!

Rent is only $3,700 including CAM per month with 6 years remaining on lease. Rent is CPI-adjusted and increases by $100-$150 every year.

Asking Price for Business-only: $129,000 + inventory. Inventory is approximately $40,000.

Growth & Expansion

High potential by adding a deli with hot food and selling vape products!

Location Details:

Easy access to the interstate! Busy Location with high daily traffic.

Support & Training

Management is willing to provide training.

Listing ID: Parma129k

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