Growing Franchise Convenience Store In Norwalk

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Listing ID: 700327424

Listing Title: Growing Franchise Convenience Store In Norwalk

Quick Link: http://www.globalbx.com/listing.asp?bId=327424

Industry: Retail

Industry Segment: Convenience Stores Retail

Country: United States

State / Province: California

Area Southern California - Los Angeles Area

City: Norwalk

Asking Price Range: < $250K

Gross Revenues: $1,294,854

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2011

Number of Employees: 4 - 5

Business Description:
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.



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