Absentee Owner
If you’ve always wanted to own a very profitable convenience store, then this store is the opportunity for you. This excellent location has been a beer and wine store for almost 32 years, located on the busy, well-traveled intersection in Long Beach. The store is in a corner freestanding building, has both great signage (both building and monument signs) and great drive-by visibility, and features plenty of front and side parking. There are plenty of customers, as this store is surrounded by apartments and single family homes for almost 2 miles in every direction. Plus, Long Beach is notoriously difficult to get new liquor licenses, so there is very little new competition!
The store is well-maintained and well-operated by the 2 full-time and 2 part-time employees. The equipment is in good working condition, the store is brightly lit, and the premises are kept very clean. Approximately 50% of sales come from beer & wine, while the remaining 50% comes from household items, groceries, snacks, and sodas. They also do a consistently high-volume of Lottery sales, which contributes over $7,000 of profit every month!
The owner has been in the industry for years and is transitioning into retirement. Therefore, it’s time to pass their beloved market to an energetic Buyer. The new owner can operate profitably “as-is” or expand. Add a fountain drinks section, a coffee bar, or hot food to increase revenue.
Good volume, highly profitable convenient stores don’t come to market often, but this store is one of them: it’s doing approx. $77k/month, with a 38% gross margin. Add this to the fact that the Lottery business alone pays the rent, and this store won’t stay on the market long. Whether you’re an industry veteran looking to expand to another location or a new owner-operator, this Market may be just what you've been looking for. Reminder: If you visit the store, make no mention of this confidential sale to employees, neighbors, or customers. Questions? Call the Agent today!
Business is home-based
No lease information found.
None
Open: 7 Days a Week None
Closed: None
Hours: None
Bottomline Business Brokers is sharing information about this Business for Sale under the terms of your current, signed Non-Disclosure Agreement. If you visit this business, please do so discreetly. Do not contact owner, employees, landlord, suppliers, or other tenants! Thank you.
We advise all clients to seek independent legal, tax, accounting, and other professional advice prior to making a purchase decision. The information contained herein has been obtained from the Seller. Bottomline Business Brokers (BRE # 01926680) makes no warranty or representation, express or implied, as to the accuracy of this information, and is submitted subject to errors, omissions, change of terms, withdrawal without notice, and any specific listing conditions imposed by our principals.
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