CONVENIENCE STORE $165,000
Location: Rhode Island > Providence County > WEST OF ROUTE 44
Industry: Food and Beverage > Grocery and Supermarkets
Financials
Asking Price: $165,000
Gross Revenue: $519,000
Cash Flow: $118,452
Cash Flow Comments: BEFORE PAYROLL & OWNERS SALARY
Inventory: $35,000 (Not Included in Asking Price)
FF&E: $70,000 (Not Included in Asking Price)
Seller Financing: NONE
Business Summary
THIS STORE IS LOCATED IN A SMALL TOWN . WEST ON ROUTE 44. THE STORE IS APPROXIMATELY 1200 SQ. FT WITH PARKING IN FRONT AND THE SIDES. .
ESTIMATED GROSS SALES: $519,000 X 22% PROFIT = 114,160. +LOTTERY COMMISSION $17,000+ INCOME FROM ATM $1,800. CIGARETTE PROMOTION INCOME $7,200 + bUY DOWN INCOME $10,400. DISTRIBUTOR KNICK BACK $4,200+ WESTERN UNION COMMISSION $480. COOLER DISPLAY INCOME $2,500. TOTAL INCOME $157,860. OPERATING EXPENSES: RENT $22,716. INCLUDES R.E. TAXES,WATER $168.,TELPHONE $996., ELECTRIC $10,200. TRASH $996.,INCURANCE $1,332.,maintenance $3,000, TOTAL OPERATING EXPENSES; $39,408 OWNER;S NET BEFORE PAYROLL $118,452
ESTIMATED GROSS SALES: $519,000 X 22% PROFIT = 114,160. +LOTTERY COMMISSION $17,000+ INCOME FROM ATM $1,800. CIGARETTE PROMOTION INCOME $7,200 + bUY DOWN INCOME $10,400. DISTRIBUTOR KNICK BACK $4,200+ WESTERN UNION COMMISSION $480. COOLER DISPLAY INCOME $2,500. TOTAL INCOME $157,860. OPERATING EXPENSES: RENT $22,716. INCLUDES R.E. TAXES,WATER $168.,TELPHONE $996., ELECTRIC $10,200. TRASH $996.,INCURANCE $1,332.,maintenance $3,000, TOTAL OPERATING EXPENSES; $39,408 OWNER;S NET BEFORE PAYROLL $118,452
About the Business
Year Established: 1990
Employees: 2 full time -
Facilities: THIS STORE IS LOCATED IN A SMALL TOWN . WEST ON ROUTE 44. THE STORE IS APPROXIMATELY 1200 SQ. FT WITH PARKING IN FRONT AND THE SIDES. .
Market Outlook and Competition: ONLY TWO STORES IN AREA
About the Sale
Management Training and Support: WILL TRAIN NEW BUYER
Reason For Selling: DOWNSIZING THE OWNERS VARIOUS CONVENIENCE STORE.
Attached Files - Attachment Disclaimer
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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