Business Summary:
Well-established convenience store located in Fort Worth is now for sale. Without selling any money orders. check cashing, and wines, the store has been generating consistent sales over the past years, averaging $28-30k sales a month. However, by adding those untouched lines of business, new owner could potentially grow this business. For instance, the store once has done $51k sales a month in 2000 which was before the owner actually cancelled the wine license. As the stand-alone building used to be a restaurant facility, it could also start a deli by re-connecting the vent hood system along with 3 compartment sink, hand sink already in place in the store. Being located in the hub of over 95% Hispanic market, adding tacos, tamales, and etc. to the deli could be a good revenue source along with check cashing and money order business.
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| Year
Business was Established: 1993 |
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| Number of Employees:
2PT/1FT |
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| Facilities / Terms of Lease:
Being occupied in a 1,398 SF of stand-alone building on a busy street. Convenient drive-thru attracts a lot of drive-by customers to this store. Tower signage makes the store highly visible. |
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| Potential
Growth/Expansion:
There are much room for growth. First, current owner is not selling wines at all but beers only. New owner could add wine license to boost sales. Also, current owner does neither money order nor check cashing while all his competitors do those and do very well. Again, new owner can grow the business by tapping these untouched lines of business. Lastly, since this free standing building used to be a restaurant facility, it already has system in place that a small deli can be added. Adding the deli could be another potential growth opportunity. |
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| Competition:
There 2 direct competitors who have been in this market together for over 10 years. |
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| Owner
willing to finance:
SBA financing with 30-35% down or Seller will finance with 70% down. |
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| Owner
willing to train:
Owner is willing to train buyer for a smooth transition. |
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| Reason for selling:
Tired for Having been in same business for last 16 years. Desired to shift into other type of business that requires less hours. |
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Seller Reference Number: 59394
BusinessMart.com Listing Number: 66844 |
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