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Million Dollar Revenue C-Store For Sale
Location Ohio,United States
Asking Price Range < $250K
Gross Revenues $1093000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1978
Number of Employees 1 - 3
Inventory 40000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 6 weeks 711 and one week on site.
Reason for Sale Owned for 12 years; wants to pursue other business interests.
Description C-Store for sale/$1 miilion + in revenues.
Report Date: 7/3/8.
Location: Cuyahoga County, Ohio.
Primary Category: Retail - Convenience Stores.
Your Reference ID: 37.
Date Listed: 6/30/8.
Date Last Updated: 7/3/8.
Financial Information:
Asking: $80,000.
Gross: $1,093,998.
Cash Flow: $55,000.
Furniture, Fixtures & Equipment: $25,000.
Financing: none.
Current owner has owned since 1996 (12 years). On target to match 2007 revenues in excess of $1 million. $28,000 franchise fee for &11 plus inventory. All revenues are verifiable through 711, making this purchase safer and moe reliable than an independent store. 711 stores have loyal following as well having been in the US for many years. 711 will finance the inventory and gives 6 weeks training. Approximate cash flow is $50-$60,000 per year for c-store and $50,000 for lotto. 2 ft, 2pt employees. 7 day liqour licens. 711 pays the rent and 80% 0f the utilities. Split inside is 50:50. Opportunity to won a very good c-store in the Cleveland area.
Facilities: 1500 SF area; good parking; lease is with 711
Competition: Little competition in the area as far as 24 hour, selection, etc.
Growth and Expansion: Numerous different food products could be added
Support/Training: 6 week training by 711; one week by owner
Reason Selling: pursue other interests;
Year Established: 1978.
Employees: 2.
Email or contact Sam Alberico at 216-224-3859 (include Prospect Contact Options, and require prospect's name) for more information on this Convenience Store for sale.
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