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Convenience Store 80000 Real Estate Included In Sale For Sale

Kinston, North Carolina
Asking Price:
$80,000
Sales Revenue:
$250K - $500K
Cash Flow:
Under $50K

Best opportunity ever, this is a well-established store with over 15 years of Bussiness, this store is a grandfather in and has its own customer base.
Monthly Store Gross Sales: $28,000
ATM, Lotto, games machine 2000-4000 net profit a month.
Hours of Operation: 9:30 AM to 8:00 PM
(There is approximately $20,000 in C-Store inventory)

Here are the Monthly Expenses:

$ 0 - No Rent (Building owned)
$ 600 - Heat, AC, and Electricity
$ 145 - Insurance
$ 250 - Credit Cards - business is mostly in cash
$ 200 - Miscellaneous, Maintenance, etc
$ 0 - No Employees
$ 750 - Sales Tax
$ 100 internet and phone
____________________

Additional Information:

Hours could be expanded from 7:00 am to 10:00 pm - currently operating from 9:30 am to 8:00 pm
Also, there is a connected building that could be rented or open as a laundromat, and adding the western union and cashing checks and the WIC program will guarantee another 1000-1500 month.
Support/Training: Seller will train new owner and assist in the transition.

Reason Selling: Seller has a job 2 hours away as a network engineer

Property information

Real Estate:

Real Property Included

Location:

723 east Washington Ave
Kinston NC

Size in square feet:
40 ft by 40 ft

Business Operation

Expansion Potential:

Yes there is a space to add coin laundromat that will do great or whatever you may think it will work

Competition / Market:

A gas station mile down
And main street 1/2 mile down
Never been a worry for the past 20 years I have my own customers

Reasons for selling:

The owner is 3 hours away, and he is a Network Security Engineer.

Trading hours:

8:30-8:30 Mon through Sat
Sunday 10-8

Employees:
2
Years established:
1996

Other Information

Support & training:

yes

Furniture / Fixtures value:
$20,000
Inventory / Stock value:
$15,000
Related Documents:

Contact Information

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