SOLD – Established & Profitable Convenience Store and Market in Baltimore
Business Type:
Convenience Stores
Asking Price: 149995.00
Gross Revenue:
541792.00
Cash Flow: 88774.00
FF&E Value: 30000.00
FF&E Included in Sale: Yes
Inventory Value: 40000.00
Inventory Included in Sale: No
Real Estate Value: $
Real Estate Included in Sale: No
State: Maryland
City/County: Baltimore
Year Established: 2008
Employees: 3
Listing Number: HZ448SAR
Listing Broker: Syed Ali Raza
Broker Contact:
443-985-1369
Broker Email:
ali@horizonbrokers.com
Business Summary:
Great opportunity to purchase an established and profitable neighborhood convenience store and market in Baltimore, Maryland. The business has been serving its local community for over 10 years providing a variety of products and services. The store is conveniently located on a highly traveled road surrounded by residential communities, several churches, and a senior living center (where the residents and guests frequently patronize the store). In addition to the numerous food, snack, and beverage offerings the business also offers lottery, an ATM, and is a bill payment center for cell phone and utility service providers. The business is set up to accept EBT payments.
This is a great opportunity for someone looking to get their start in business ownership or for someone looking to build on an existing business portfolio. This business has a great location, solid track record, loyal/stable client base, and financials that support the stated revenue and cash flow. We don’t expect the business to last long, so contact us today!
Description of Facilities:
The business operates out of a 5,000 sq ft free standing building that is leased for approx. $4500/mo. It is located within a densely populated residential community and near a senior living center and multiple churches that drive a lot of traffic to the business. The interior is clean, organized and well-stocked. All of the shelves, refrigerators and freezers are in good shape and working order.
Competition:
There is little to no direct competition in the immediate area. There are some smaller convenience stores that are incorporated in gas stations, but they don’t provide the selection of products and services of this market/c-store.
Growth & Expansion:
There is opportunity to grow and expand the business. The business has seen solid year over year growth in both revenue and cash flow, but there is also opportunity to expand product lines and service offerings. Some of these would include offering money transfer services, phone cards as well as other products and services.
Seller Financing Available:
No
Seller Financing Terms:
N/A.
Reason For Sale:
Seller owns another business (a gas station) they would like to focus on.
Seller Support & Training:
Seller will provide necessary training and support.
Get More Information:
To learn more about this business including the name, location, and financial information please complete and return our Buyers Package, which can also be downloaded here, and returned to us at admin@horizonbrokers.com.
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Great opportunity to purchase an established and profitable neighborhood convenience store and market in Baltimore. The business has been serving its local community for over 10 years providing a variety of products and services.
