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Convenience Store For Sale

Location  Virginia,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $3000000
Net Profit / Cash Flow  $150000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1990
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Owned
Training  Yes.
Reason for Sale  Other interests.
Description  Profitable business and real estate for sale in Virginia with over $2.8 million in sales for 2005. This business offers: *High volumn lottery sales, which were within the top 300 retailers in the state. *Lower gas prices (North Carolina's are 10 cents higher per gallon). *High tobacco sales and lower cost (Because of a recent tax increase on tobacco products in North Carolina.) *New local Wal-Mart opened nearby increasing overall sales. *Popular and profitable deli sales. *Open and busy 24/7. *Profitable subservices (Tanning Rooms, Fitness Center..etc). *The store is also an affiliate member of the Crooked Road, which is a bluegrass musical trail that extends through southwest Virginia. Every Thursday local musicians gather for open jams sessions in which hundreds of people attend. *There is also a home next to the store that is included in the sale that is currently rented. The sale of this property includes the building, land and all equipment. The property includes 5 tanning beds and rooms, and the fitness center with equipment. The 2005 yearly revenues were as follows: GAS $1,366,957.89 LOTTERY $810,693.00 GROCERY $195,634.95 NON FOOD GROCERY $22,237.06 PRODUCE $4,728.42 BEER $104,363.78 TOBACCO $118,751.54 DELI $77,314.46 ON ROAD DIESEL $68,675.18 OFF ROAD DIESEL $40,130.17 KEROSENE $10,395.14 PROPANE $1,904.19 TANNING LOTION $447.82 TANNING BED/FITNESS CENTER $6,356.03 NON TAX/OTC $14,863.12 PHONE CARD $429.00 CHECK CASH $331.00 FOOD STAMP $- TOTAL REVENUE: $2,844,212.76 The total for 2006 is over $3 million, the numbers will be compiled shortly. Please email or call 276-694-4024 for more information on this Convenience Store for sale.
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