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Circle K With High Profit Margins For Sale

Orange County, California - South, US
Asking Price:
$1,295,000
Sales Revenue:
On request
Cash Flow:
$240,528

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!

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.

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 with a long term lease $11,525 total including NNN charges

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