Business Summary:
This business has a PRIME location on Capitol Hill right across from Swedish Hospital and Virginia Mason. The bus stops right out in front of the store and there is always a lot of foot traffic. Grossing $1250 per day (M-F) and $900 per day (Sat) The owner has no grocery experience and is overwhelmed by the business. The current owner is only open 6 days (Mon-Sat) per week; however, the new owner could easily increase the sales by staying opened Sun and opening earlier in the mornings and offering coffee and pastries. There are no employees currently. This is one of the highest volume Lotto and Scratch locations in the area - averaging about $18K in commissions per year. Beer/Wine and Cigarette sales are brisk. The business also includes an ATM machine and phone card machine that each bring in a good income. There is a hoodless grill, which the current owner is not using, that could be utilized for deli items and fast food. The business occupies 1500 sq ft and has an upstairs that can be used for storage and an office. Currently the owner does not accept food stamps or checks - the new owner could easily increase the business by adding these. The demographics of this area, the location of the business, and the additional services the new owner can offer make this an outstanding opportunity for the new Buyer.
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| Year
Business was Established: 1990 |
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| Facilities / Terms of Lease:
The business has a prime location - located right across from Swedish Hospital and Virginia Mason with a major bus line stop right in front of the business. The business occupies 1500 sq ft with an upstairs for storage and office space. The current rent is a total of $2318 per month plus NNN charges of $584 per month and the Lease runs till 4/30/2013 and the Landlord is willing to extend it to a qualified Buyer. |
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| Potential
Growth/Expansion:
The new owner could start by opening up earlier in the morning and offering coffee and pastries and staying open on Sun. With the hoodless grill, which is not being used, the new owner could offer a variety of deli items and by upgrading the variety of food items offered could easily attract more clientele. The current owner is not accepting food stamps and this addition of services would increase the business dramatically. This business is a gold mine. |
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| Competition:
This business has a PRIME location on Capitol Hill right across from Swedish Hospital and Virginia Mason. The bus stops right out in front of the store and there is always a lot of foot traffic. The demographics of this area, the location of the business, and the additional services the new owner can offer make this an outstanding opportunity for the new Buyer.There is no immediate competition in the area. This is so convenient for the employees and Doctors of both Hospitals surrounding the business and the people getting off the bus out front. It is truly a neighborhood C-Store with many upside possibilities. |
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| Owner
willing to finance:
Cash or Bank Financing |
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| Owner
willing to train:
The current owner will provide 1 week of training, if needed to the new Buyer. |
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| Reason for selling:
The owner has no grocery experience and is overwhelmed. |
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Seller Reference Number: hfngPlaza
BusinessMart.com Listing Number: 64375 |
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