Business Summary:
This neighborhood convenience store and deli underwent a major remodeling and expansion in 2003 and sales took off immediately. It is located in a old inner city neighborhood. The store has grocery items, beer and wine, beverages, lottery, bill paying, and a drive thru window. The deli has a complete kitchen which can cook chicken wings, sandwiches, french fries, and features a deli counter with meats and cheeses. The real estate is also being offered in this sale for an additional $450,000. The store with kitchen is almost 3330 sq. ft. Competition in the area is minimal. There is a diverse mix of single family, multi unit and apartment style living in the neighborhood. 60% of sales are cash and 40% are from food stamps. Category sales breakdown are 40% alcohol, 20% deli, 20% grocery, 10% tobacco, and 10% lottery. The store also offers a bill paying service. The original store has been in the neighborhood since the 1960s. The current owner was transferred out of state and must sell the store. If you have
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