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Convenience Store For Sale
Location Illinois,United States
Asking Price Range $250K - $500K
Gross Revenues $235000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1993
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Relocation
Description This is a very successful franchise business affiliated to Gateway Newstands. The layout of the store is designed for the discerning daily commuter who desires a better shopping experience for his convenience needs.The categories of the products selling in the store are Newspapers and Magazines, Candies and Snacks, Cool drinks and Lottery.We have been featured multiple times on ABC 7 News for selling winning lottery tickets.
We have a very high foot traffic area as it is located near the Ogilvie Transportation Center that serves the north and north-western suburbs of Chicago. It is in an ideal location on the street level, attracting high-quality foot traffic of suburban commuters leading to Madison Street on their way to and back from their offices at the Chicago Loop and the Financial District.
Our Hours of Store Operation are 6:30 AM to 6:30 PM Monday thru Friday. Peak traffic hours are 7 AM to 10 AM and 4 PM to 6:30 PM.
Annual Revenues are $235,000 plus the lottery commission of $75,000 per year. Our net earnings are $100,000+.
Our store is currently managed by owner and 1 employee.
Our reason for selling is to relocate after managing this highly successful business that has supported an excellent lifestyle for 17 years.
We have had a consistent cash flow and net earnings thru the ups and downs of multiple business cycles. If you are willing to work for 6:30 AM to 6:30 PM at the store, it is a very profitable venture. We can also discuss various ways to increase current revenue of the store so you can enjoy future growth in the net income.
The price for this business is $275,000. We have 7.5 years of lease remaining on this store.
If you are interested, please contact us at (630) 709-7523.
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