Established Convenience Store with Keno and Lottery

Business Opportunity for Sale
Catylist Listing ID: 30341545
Property Subtypes: Retail Stores
Building Size (RSF): See Agent
Sale Price: $87,500
Gross Revenue: $773,188 (Annual)
Cash Flow: $80,388 (Annual)
Cash Flow Type: EBITDA
Sale Terms: Cash to seller. Inventory in addition to sales price.
Last Updated: 11/15/2018

Overview / Comments

Established Convenience Store with Keno and Lottery

Great opportunity to purchase an established, popular, turn key, neighborhood business on a busy state road. Convenience Store is part of well known and frequently visited strip plaza and is located in a densely populated area. This is a turn-key business has built a solid reputation for low prices, excellent customer service and great hours. The owners have put lot of time and dedication into the business. Excellent opportunity for an owner/operator with experience. Great for a family-run business.. Plenty of room to grow sales and increase volume. Lotto commission of $33k. Annual Sales $600,000 +. Rent $1100/month.

Serious Inquiries Only – Proof of Funds required to see Financials

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Industry Segment: Convenience Stores
Reason for Selling: Business expansion.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Real Estate is leased.
Mgmt/Training Support Description: Two weeks training.
Competition/Market Description: Neighborhood presence, many clients from many senior living facilities and immediate local neighborhood.
Growth/Expansion Opportunities: Possibility of expanding product lines.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,633 73,476 272,478
Median Age: 43.59 39.67 37.01
Households: 1,567 29,216 104,380

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