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Newly Renovated High Margin Convenience Store For Sale

Northwest Dallas, Dallas County, Texas, US
Asking Price:
$329,000 Furniture / Fixtures included
Sales Revenue:
$849,137
Cash Flow:
$182,627

20+ year established high-profit margin convenience store that was newly renovated with brand new equipment and buildout in the affluent neighborhood is now available for your acquisition. This business was originally established by the current owner in 1997 and was operated only as a deli and was very successful. It was later sold, but due to the mismanagement from the previous ownership, the original owner assumed the business in 2019 and totally renovated the facility. The total project costing over $400,000, includes modernized interior renovation, brand new equipment, including a 13-door walk-in cooler, register counter, merchandise shelves, etc. This convenience store has been serving the local residents and commuters since 1997 and has established a solid customer base and with the development of a luxurious residential living community and the entertainment district nearby, this business continues to enjoy a steady revenue stream with a new set of customer base.

This business operates out of 3,143 SF in a mixed-use development in one of the more affluent areas in the city of younger demographics in the hub of the entertainment district with various bars, restaurants, and a live music venue. The average monthly gross sales are $60,000-$70,000 and steadily increasing. The profit margin is relatively higher than other typical convenience stores because of the higher-income demographics with disposable income have shown no resistance to haggling with the prices and also due to lack of competition in the immediate market area. Due to a lack of staff, the owner works full-time by himself handling day-to-day operations as well as bookkeeping and higher management levels of duties. There are a few ways to increase the overall sales if the potential buyer can find additional staff. By extending the opening and closing hours, this business can benefit from the morning commuters who are seeking coffee and light breakfast items and also later in the night for additional alcohol sales. This business was originally operated as a deli selling cold sandwiches and salads and had great success. The kitchen is already set up with new equipment but is not being utilized. There is heavy demand from the customers for deli items but the business is not able to meet their demand. The potential to increase the overall sales and recapture the lost customers by re-opening the kitchen is undeniable.

This prime location established business is already generating handsome sales and profit, but has so much more potential, especially for a buyer who has enough manpower to fully utilize its hours and the kitchen to reach its full financial potential.

Property Information

Real Estate:

Lease

Location:

This business is located in the hub of the entertainment district in an urban and modern mixed-use development area. It is heavily surrounded by luxurious townhomes, apartments, office towers, and various bars and restaurants.
Since the acquisition in 2019, all assets have been replaced with brand new equipment and the interior was fully renovated to make the facility more upscale and modern to accommodate the types of customers in the area. The owner has spent over $400,000 for the full renovation and all equipment is in impeccable condition.

Size in square feet:
3,143 SF

Business Operation

Expansion Potential:

There are two major considerations for the potential buyer to exponentially grow the sales. By hiring additional employees, the potential buyer may extend the business hours by opening earlier in the morning for morning commuters that desperately need coffee and simple breakfast items on the go and stay open later to capitalize on the alcohol sales.
There is an adequate-sized kitchen already set up that could be utilized to sell deli subs, salads, soups, etc. The demand exists and the sales have been successful when the kitchen was open, but purely due to the absence of additional staff, the kitchen remains closed.
By implementing longer hours and opening back up the kitchen, the overall sales could significantly increase immediately.

Competition / Market:

The competition is virtually non-existent as this business has been established and serves the local residents and commuters for over 20 years.

Reasons for selling:

Other opportunities.

Employees:
1FT
Years established:
1997

Other Information

Support & training:

The owner of the business will provide the necessary training to smoothly transition into the business operation.

Financing available:

100% down at the time of closing.

Furniture / Fixtures value:
$150,000 - included in the asking price
Inventory / Stock value:
$40,000
Related Documents:

Contact V-AID Group

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