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Listing Number: 3218

Convenience Store/Deli Business for Broker in Fairfield County, Connecticut

Business:Convenience Store/Deli Business for Broker
County, State: Fairfield County, Connecticut
Business Type: Convenience Store, Delicatessen/Catering Services, Green Grocers / Fruit Sellers

Summary Description

Convenience store and deli/green grocer located on main road in lower Fairfield County town. Excellent turn-key opportunity. Located in fast growing, regentrified area, where real estate prices are catching up to the rest of the town. Excellent lease (10 years, just renewed), ample parking in lot behind business, and terrific street frontage. In business over 30 years in same location, 5 with the current owner. Offers c-store items, dry goods and perishable grocery items, deli counter, beer and cigarettes. OPPORTUNITY to grow business by adding ATM and lotto. Only 2,165 sq ft being used; could expand store to carry greater variety of goods, expand deli business, etc. (about 1,800 sq ft used as storage - much more than needed). Seller negotiable and willing to hold large note, but wants quick sale to focus on his other businesses in area. Minimal headcount needed to run business.

About the Sale

Asking price: $350,000 (USD)

Total Revenues: $703,000 (USD)

Cash Flow: $249,200 (USD)

Financing: $200,000 down and 150000 @ 7% over 60 months

Reason Selling: has other businesses

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.