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Businesses For Sale > Business For Sale in High Point, North Carolina (NC)

Neighborhood Store in a Nice Residential Area for sale in High Point, NC

High Point, North Carolina (NC)

Asking Price: Gross: Cash Flow:
$ 399,000 $ 498,000 Undisclosed

Furniture and Fixtures Value:
(included in the asking price)

Inventory Value:
$ 40,000 (not included in the asking price)

Real Estate:
(included in the asking price)

Business Summary:
Neighborhood store located in a nice residential area with 2 nearby schools and a nearby large recreation park. The store is very well established with the current operators owning the business and property since 2006. The inside merchandise is neatly organized an displayed effectively utilizing most of the floor space. As a bonus, there is a safety glass enclosure surrounding the cashier and counter space including a pay window. Inside sales for 2019 totaled $417,600 and the 2019 lottery commission was $17,319. The other income streams include gas gallons of 3000 per month, ATM fees of $150 per month and revenue from the game machines of $2500 per month.

There is an opportunity to improve the business by upgrading the gas equipment. A buyer should replace the older mechanical gas pumps with newer equipment. There is no current gas contract.

 

   
Year Business was Established: 2006
   
Number of Employees: 1 FT + Owners  
   
Seller Reference Number: CS98096
BusinessMart.com Listing Number: 254114
 

 

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For more info contact:

County South Business Brokers

Winkie Associates Realty Inc
919-777-6878

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