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909571-AS Profitable C-Store w/Real Estate - High Net

Listing Number: 9525-909571

Description

Steady sale and amazing cash flow. Real estate included in the sale.

Profitable convenience store on a corner lot approximate.92 +/- acres.

Material Facts:

NET Sales Year 2019: $771,827.61
NET Lotto Sales 2019:- $1,098,957.00

Business Sq. ft:- 2730 +/-

Interesting Facts:

Lotto Commissions in year 2019 were $65,000.00 +/- and in its self were more than sufficient to cover the rent/occupancy expense.
Income from gaming machines $28,000 +/- per month.

On a major busy street ensures a high volume of vehicle and foot traffic and a steady stream of clientele. This business strategic location next to residential and business communities.

This business is almost absentee owned and employee run, therefore, higher bottom line may can be realized by an owner/operator and by controlling payroll related expenses.

Seller allocates minimal time, operating and dedicating about one day to two days per week on business operations and thereafter conducts managerial duties only, consequently resulting in high payroll related expenses.

Business suitable for bank finance.

**The Real Estate Agent - TBA RVA Realty Inc. will do all real estate transactions**

Listing Details

  • Price: $1,100,000
  • Down Payment: $1,110,000
  • Sellers Discretionary Earnings: $180,000
  • Total Sales: $1,200,000
  • Location: Virginia

  • Inventory: $0
  • FF&E: $0
  • Employees: 4
  • Year Established: 2015
  • Reason for Selling: Other Interests
  • Category: Convenience Stores
909571-AS Profitable C-Store w/Real Estate - High Net

Business Listed By:

Andy Shah