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Growing Franchise Convenience Store In Norwalk
Location: United States -> California -> Southern California - Los Angeles Area -> Norwalk
Industry: Retail > Convenience Stores Retail




Business Summary

This growing franchise convenience store in Norwalk is undoubtedly one of the nicest, cleanest and spacious businesses of its type. The owners recently reinvested nearly $50,000 to upgrade and remodel the store. The store offers its patrons plenty of parking, beer and wine, and lotto sales, as well as a very unique build-out, unlike others of the same brand. The store is located in a high traffic retail complex with complementary neighbors and high traffic institutions nearby.

Asking price: $229,000

This 2,935 sq. ft. facility leases for $11,466 per month including common area maintenance expense (CAM) on a lease until August 2021, and two five year options. All of the business's furniture, fixtures, equipment, beer and wine license, and franchise rights will be included in the sale. Approximately $50,000 in inventory will be sold at cost at close in addition to asking price.

While other competition exists nearby, this location boasts excellent street visibility, a high level of cleanliness, onsite parking, a unique build-out / offering, and an extensive inventory, which provide it a unique competitive long term advantage.

This store has a strong year over year growth trend which is anticipated to remain for the next few years. A new owner may seek to work with the franchisor, and engage in more aggressive local marketing to further bolster short term growth. While such campaigns may be traditional in nature, low cost grass-roots efforts could also pay high dividends due to the high concentration of area high schools and employers.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $1,294,854
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $50,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2011
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 Weeks at 20 hrs/wk onsite + 3 weeks of Franchisor training (training is mandatory)
Reason For Selling:  Persona




Print Listing Id: 700327424
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Related Searches: Catalog and Mail Order Retail  >  Clothing and Footwear Retail  >  Computers and Electronic Equipment Retail  >  Convenience Stores Retail  >  Florist Retail  >  Health and Beauty Supplies Retail  >  Home and Garden Retail  >  Movie Rental  >  Wedding and Formal Rental  >  Other Retail  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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