High Profit - Convenience Store. Great Location & Lease. Providence RI
Providence, RI
Sale Pending
| Asking Price: | $165,000 |
| Gross Revenue: | $559,000 |
Listing ID: 2270401Listing provided by BizBuySell
BUSINESS DESCRIPTION
A well-established convenience store, an anchor in this neighborhood, is located on a bustling road in a residential and safe area next to a prestigious educational center.
The current owner reopened this store after the previous owner closed it a few months ago. Sales are growing at a pace to recover the last level of revenue and will grow even more when you get the EBT.
The previous owner was busy with the lottery business, and the current owner doesn’t offer lottery tickets due to religious convictions. This is your opportunity to add this extra stream of income and the money order service.
Current gross Sales without lottery and EBT are $550,000/year plus $4,000 from the recently installed ATM and air vending equipment.
DETAILED INFORMATION
Location
Providence, RI
Inventory
Not Included in asking price
Real Estate
Leased
Facilities
The premises were recently renovated: new floor, counter, freezers, coolers, shelving, etc.
Located in great corner with plenty of private and public parking.
Growth & Expansion
Add the lottery business, which was very busy with the previous owner. The current owner doesn't want to sell the lottery.
Obtain EBT
Add money order and other services.
Support & Training
The necessary fro a smooth transition
Reason for Selling
Needs to handle family business overseas.
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