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Broward C-Store - Convenience Meets Quality! for sale in Broward County, FL

Broward County, Florida (FL)

Asking Price: Gross: Cash Flow:
$ 549,000 $ 1,158,308 $ 178,303

Furniture and Fixtures Value:
$ 46,975 (included in the asking price)

Inventory Value:
$ 80,000 (included in the asking price)

Real Estate:
(not included in the asking price)

Business Summary:
A successful small convenience store is a well-run establishment that caters to the immediate needs of its customers while providing a pleasant shopping experience. All inventory is included except the cigarettes, which will be given to the buyer to sell on consignment. Here are some key characteristics and features that describe such a store: Prime Location: A successful convenience store is strategically located in a high-traffic area, making it easily accessible to both foot traffic and motorists. It might be situated in a residential neighborhood, near schools, offices, or in close proximity to public transportation. Clean and Organized: The store is clean, well-organized, and well-lit. Products are neatly displayed on shelves, making it easy for customers to find what they need. A clean and inviting atmosphere encourages customers to return. Diverse Product Selection: While a small convenience store might not have the extensive inventory of a supermarket, it offers a diverse range of products. This typically includes groceries, snacks, beverages, basic toiletries, and perhaps even hot and cold prepared foods. Fresh and High-Quality Products: A successful convenience store pays attention to the quality and freshness of its products. It might source fresh produce, bakery items, and prepared foods to meet customer expectations. Friendly and Knowledgeable Staff: The staff members are friendly, knowledgeable about the products they sell, and eager to assist customers. Excellent customer service helps build loyal clientele. Fair Pricing: Prices are competitive with other nearby stores. Customers feel that they are getting good value for their money. Convenient Operating Hours: A successful convenience store often has extended operating hours, including early morning and late evening, to accommodate various schedules. Well-Managed Inventory: Efficient inventory management ensures that products are in stock, minimizing the risk of running out of essential items. Security: Good security measures are in place to deter theft and ensure the safety of both customers and employees. Point-of-Sale Systems: A modern POS system makes transactions smooth and efficient, while also helping in inventory tracking and sales analysis. Promotions and Loyalty Programs: To retain customers, many successful small convenience stores offer loyalty programs, discounts, and occasional promotions. Local Community Engagement: Building a connection with the local community can be a major asset. It may involve supporting local events, sponsoring sports teams, or simply being a familiar face in the neighborhood. Online Presence: In the digital age, a small convenience store might also have an online presence, allowing customers to place orders for delivery or pickup. Adaptation to Customer Needs: The store pays attention to customer preferences and adapts its product selection accordingly. For example, it might offer organic or gluten-free products if there is a demand for them. Efficient Supply Chain: Maintaining good relationships with suppliers and having an efficient supply chain ensures products are delivered on time and at the right quantities. Compliance and Licensing: It operates in full compliance with local regulations, including health and safety standards, alcohol and tobacco licensing, and other relevant laws. Clean Restrooms: If the store has restroom facilities, they are clean and well-maintained, which can be a big plus for customers.Overall, a successful small convenience store focuses on meeting the immediate needs of its customers, providing a pleasant shopping experience, and maintaining a strong presence in the local community. This combination of factors helps ensure its long-term success and customer loyalty.

 

   
Year Business was Established: 2010
   
Number of Employees: 3 FT  
   
Facilities / Terms of Lease: Newly remodeled 2,500 square feet store located in a very well-maintained strip plaza across one of the busiest East-West Broward County roads, with approximately 100,000 vehicles driving in that road daily. The facility is secure and well-monitored both internally and externally.  
   
Potential Growth/Expansion: The growth opportunities for this C-store can be significant, provided the store is well-managed and adapts to changing consumer preferences and market trends. Here are several key growth opportunities: Expanded Product Selection: Diversify the product range to meet changing consumer preferences. Offer healthier food options, organic products, and ethnic foods to cater to a broader customer base. Introduce specialty items or unique local products to attract a niche market. Fresh and Prepared Foods: Capitalize on the growing demand for fresh, ready-to-eat, and healthy food options. Consider offering fresh produce, salads, sandwiches, and hot prepared meals. Invest in quality coffee and breakfast options to capture morning commuters. Online Sales and Delivery: Embrace e-commerce by offering online ordering and delivery services, especially for staple groceries, snacks, and household items. Develop a user-friendly website or app for customers to browse products and place orders. Technology Integration: Implement modern technology, such as contactless payment options, self-checkout kiosks, and loyalty apps to enhance the customer experience. Utilize data analytics to better understand customer behavior and tailor marketing efforts. Extended Hours of Operation: Consider extending store hours, especially during peak demand times like early mornings and late nights, to capture a wider customer base. Offer 24-hour service if feasible and profitable. Targeted Marketing: Create personalized marketing campaigns to reach specific customer segments, such as busy professionals, students, or families. Leverage digital marketing, social media, and email marketing to promote products and special offers. Community Involvement: Strengthen ties with the local community by participating in neighborhood events, supporting local charities, and collaborating with nearby businesses. Engage in community outreach and sponsorships to increase brand visibility. Eco-Friendly Initiatives: Implement eco-friendly practices, such as reducing plastic waste and offering reusable bags and containers. Market these sustainability efforts to attract environmentally conscious customers. Health and Wellness Products: Stock vitamins, supplements, and health-related products to tap into the growing health and wellness trend. Offer products related to fitness, dietary restrictions, and personal care. Customer Loyalty Programs: Develop and promote a customer loyalty program to retain and reward frequent shoppers. Use customer data to offer personalized incentives and discounts. Innovative Store Concepts: Experiment with innovative store concepts, such as automated or cashier-less stores, to attract tech-savvy customers. Collaborate with suppliers and brands to create exclusive in-store experiences. In-Store Services: Offer additional services such as parcel drop-off/pick-up points and mobile phone top-ups to increase foot traffic. Partner with other businesses to offer complementary services, such as dry cleaning or coffee shops.  
   
Competition: This convenience store stands out form the rest because of the cleanliness of the store, extensive leasehold improvements, crisp AC and very diverse and colorful inventory. There's no match with this c-store in this price range.  
   
Owner willing to finance: Lender pre-screened with $109,800 down.  
   
Owner willing to train: Will train for 2 weeks @ $0 cost.  
   
Reason for selling: Owner is retiring.  
   
Seller Reference Number: 1049-18064
BusinessMart.com Listing Number: 304528
 

 

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For more info contact:

Evelyn Correa

Murphy Business & Financial Services
727-725-7090

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