Tobacco And Convenience Store

Business Opportunity for Sale
Catylist Listing ID: 30713892
Property Subtypes: Retail Stores
Building Size (RSF): 1,038 SF
Sale Price: $30,000
Name of Establishment: Tobacco Store & Convenience
Year Business Established: 1997
Gross Revenue: $156,000 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: No Owner Financing
Last Updated: 7/23/2021

Overview / Comments

"Price Reduced" #2 ***(Listing Price is Plus Inventory)
This is a Tobacco & Semi-Convenience Store that sells cigarettes, cigars, pipe tobacco, pipes, e-juice, vape gear, smokers accessories, soda cans & bottles, water, juices, power drinks, chips, cookies, gum, candy, HBA, greeting cards, air fresheners and constantly changing and adding new stuff all the time – BUT NO FOOD OR PAPER CUP DRINKS! These items can’t be sold in the store.

It is located on a very busy thoroughfare with over +/- 36,900 cars passing the easy-in/easy-out store every day. (that’s a lot of vehicles!) The current owner has been here since 1997 (24 years).

Customers want to be able to get in, get their smokes and get out – quickly. This +/-1,038 s.f. store can accommodate them.

Besides the +/- 36,900 cars passing the store every day, there are +/- 15,000 people living within 3 miles of the store and +/- 8,527 employees working within 3 miles of the store.

High-margin, in-demand items being sold in Tobacco stores nowadays are: e-cigarettes, e-juice, vaping, hookah's, phone accessories, and magazines. None of which are currently being sold in the store now – POTENTIAL ABOUNDS!

The store’s hours are: Monday – Saturday 7:30 – 5:30, Sunday 7:30 – 3:00. The Owner works the store all open hours except weekends when a family member helps.

Some ideas on how to increase business…
The profit centers are mostly cigarettes with a margin of 8%. All other merchandise is marked up 25% for a Gross profit of 20%. Note, by getting an $800 license and selling e-products, like e-juice and vaping, not only will sales increase but your gross profit margin will go up to +/- 24% - 27%. These products are sold at a 100% mark-up (50% GP%).

Current Revenues are +/- $3,000/week or $156,000/year. This is the lowest volume in many years. Why the decrease? The change in the smokers' age, the covid pandemic, the popularity of e-cigarettes, e-juice, and vaping (and the owner deciding not to get a license that costs $800 for these products), and lastly, her husband being transferred to NJ. The Owner has lost interest in the store and wants to sell the business so she can join her husband.

The new Owner will need to bring in e-products and merchandise the store to get back customers and increase profits. Adjusted P or L’s both current and estimated projected will be in the Flyer for you to review.

Difficult to describe the location when I’m trying to maintain Confidentiality, but this 1,038 s.f. store facing a major thoroughfare with over 39,600 cars per day passing the store is perfect for this kind of business. It has 25 parking spaces and 3 entrances and exits. The current owner is on a month-to-month lease now. The Buyer will negotiate a lease with the landlord. Rent is $1,600/month. The term will be 3-5 years plus options. The landlord will approve the new operator.

Price is plus inventory (+/- $16,000)

Additional Details

Nearest MSA: Bridgeport-Stamford-Norwalk
County: Litchfield
Industry Segment: Other Retail Stores
Reason for Selling: Moving out of the state
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0
Mgmt/Training Support Description: Owner will assist in the transition
Seller Financing Description: No Owner financing

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,561 18,490 42,825
Median Age: 43.88 42.25 42.65
Households: 1,007 7,078 15,962

Contact

Photograph of Listing Agent

C. J. (Charlie) Vlahos

Blanket Real Estate CTCList Member
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