Circle K's success in the convenience retailing industry spans 70+ years across almost 15,000 locations. They worldwide carry beverages for energizing, satisfying, warming up, cooling down or just plain thirst quenching. They also carry plenty of food, whether it’s on-the-go, at work, or anywhere in-between – morning time, lunch time, or snack time. This location has been a Circle K since 1987. They are a fixture and well-known to their many local neighborhood customers, who have been snacking and drinking here for years. They recently remodeled with the current branding and more grab and go products; close to $200k invested!
NOTE: SELLER WILL LOOK AT ALL REASONABLE OFFERS By any measure, this location is a smashing success, and the numbers tell the tale: the store grosses approx. $130k/mo. with a net of over $20k/mo. The experienced sellers pay attention to the details, as the store is clean and well-maintained, with a modern décor. The inventory is well-organized and well-stocked. There is a great selection of cold drinks that matches the local market including beer, craft beer, wine, energy drinks, sport drinks, soda and a new coffee section. They sell tobacco products, sundries, and lottery tickets. And of course, there are more than plenty of popular snacks! The sellers will look at all reasonable offers.
- Asking Price:
- $1,295,000
- Sales Revenue:
- On request
- Cash Flow:
- $240,528
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease ends April 2032 plus 2-5 year option, base rent $8,232 plus NNN charges $3,293
- Leasehold Rent:
-
$98,784 per annum
- Location:
-
The location is on an excellent major street location. Residents of the surrounding neighborhoods pass the store regularly. Nice safe area
- Premises Details:
-
Beautiful store just recently remodeled with all new Circle K upgrades
3,348 sq ft store with a long term lease
- Size in square feet:
- 3,348
Business Operation
- Expansion Potential:
-
A new Buyer will step into an extremely profitable location, but there is always room to improve. Advertise and get on social media to draw more locals. Add a liquor license to increase sales, this location is currently only licensed for beer & wine.
- Competition / Market:
-
There are other stores around but no more room for any new stores to be built
- Reasons for selling:
-
Partnership Split too far for remaining partner to drive
- Trading hours:
-
24 hours store
- Employees:
- 3 plus one full time Manager
- Years established:
- 1987
Other Information
- Support & training:
-
Training is required for all buyers. In-person training is 2 weeks in Tempe, AZ followed by 1 week of register training in Salinas, CA. Plus seller will stay and train after the close of escrow
- Financing available:
-
Call
- Furniture / Fixtures value:
- $300,000
- Inventory / Stock value:
- $125,000
