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.