Business Summary:
This beverage store has functioned as a one-man operation for the last 14 years. Although it has been profitable, a new owner could increase revenues significantly. Store hours are somewhat limited and often inconsistent. Revenue streams include beverage sales, lotto, check cashing at 2% and money orders. Check cashing is the primary source of income for the business, but owner has declined to become licensed which prevents him from cashing checks over $1000. Busy industrial center less than a mile away offers a potential customer base. If buyer becomes licensed to cash checks, entire investment could be regained in the first year. Seller is motivated. Inventory is for sale at cost.
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| Year
Business was Established: 1993 |
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| Number of Employees:
1 |
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| Facilities / Terms of Lease:
2000 sf; rent is $1200 per month |
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| Potential
Growth/Expansion:
If new buyer gets licensed to do check cashing, there is major industry within ½ mile of this location. Just the check cashing can be a solid revenue source. Hiring help in order to keep more consistent hours of operation, and giving better customer service will significantly increase the revenues for this business. |
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| Owner
willing to train:
through transition |
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| Reason for selling:
retirement |
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Seller Reference Number: 120507
BusinessMart.com Listing Number: 31811 |
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