Retail - Convenience Stores

Asking Price	$70,000	Inventory	$22,500+**
Gross Income	$609,000	Real Estate
Cash Flow	$80,000	Year Established	2007
FF&E	$20,000*	Employees	2

* included in the asking price

** not included in the asking price

Owner of 24/7 711 c-store needs to sell due to need to travel to India for his manufacturing company as well as having little family help. Being a family business, ideal situation would be husband/wife/children working the store. Has 7 day liquor license including Sunday. Has 2 lotto machines and lotto is #1 of all 711/Handy Marts out of 60+ stores as well as one of the top 15 in all the Cleveland area. Does very good Slurpy business as well as customary beer, wine, grocer items. Has 2 full time employees who work 40 hours a week. Approximate cash flow per year is $70,000+. New owner must train for 6 weeks and pay $15,000 franchise fee. Inventory not included. Inventory cost is up to $22,500. Over $22,500, 711 will finance. Using $70,000 asking price, the total cash cost is $70,000+ $15,000 (franchise fee), + $22,500+ for inventory, for an initial cash outlay of $107,500. Selleris motivated so the outlay of funds can be lower should the asking price be negotiated. New owner needs some background experience in business, preferably c-store experience as well as good credit and background check. This is an opportunity to own one of the best C-stores in the Cleveland suburbs. Great middle class neighborhood. Will not last very long.

Facilities: 1000-1500 SF c store ; good parking; good condition; lease is with franchise-711

Competition: Little to no competition in area

Growth/Expansion: Additional products, items could be added such as sandwiches, hot foods, etc.

Financing: All cash deal

Support/Training: 6 week training by 711

Reason Selling: Other business in India and no family help as this is family business