Independent C-Store with the Opportunity to Become a 7-Eleven or Circle K Franchise
Asking Price: $139,000
Inventory: $50000 included in price
Gross Sales: $42,000
Summary of Business
This de-branded Circle K convenience store offers an exceptional business opportunity. It has an inviting ambiance and a diverse range of products and equipment that cater to every shopper's needs. The store boasts a delightful selection, including a slurpee machine, coke dispenser, aromatic coffee station, and finger foods.
Nestled in a convenient neighborhood strip center with ample front parking and easy accessibility, this location is a gem. The surrounding area is primarily residential, with minimal competition in sight. The nearest liquor store is almost a mile away, giving you a competitive edge in the market.
Excellent signage, including a prominent store front sign and a street-facing monument sign, ensures high visibility. Situated on a corner unit within a cozy shopping center, the store features 12 spacious walk-in cooler doors. It boasts enhanced security with brand-new surveillance cameras placed strategically throughout the premises. A back entrance facilitates deliveries, and there's a generous storage area in the rear for inventory management. You'll also find a comfortable back office with a private bathroom for added convenience.
History and Business Strengths: With the Circle K brand, the store achieved impressive monthly sales of nearly $100,000, operating 24 hours a day. Unfortunately, the store fell into the hands of an inexperienced operator, leading to mismanagement and neglect. Fast forward to today, the business has been revived by new owners/sellers who took charge in March. They wasted no time implementing improvements and introducing much-needed equipment. Inventory has been expanded to offer a diverse array of products.
Future Potential: The addition of a franchise or an experienced, hands-on operator promises an instant boost in sales. This store has a proven track record of high sales volume, and with the right leadership, it can reach those heights once again. Another opportunity to consider—adding a full liquor section. Obtain ABC license 21. According to the city planning department, there are no restrictions preventing a new owner from pursuing this avenue. Incorporating liquor sales could significantly enhance both revenue and the overall value of the business. Buyers are encouraged to explore the possibility of adding a renowned franchise like 7-Eleven or Circle K, or maintaining its independent charm. The strategic location of this store opens doors for both options, making it a versatile investment. Sellers vision was to transform this store into a 7-Eleven, and with the right buyer, that dream can become a reality. Extending operating hours presents yet another avenue for potential growth, as the previous owner, when the store was Circle K-branded, successfully operated it round the clock.
Fixtures Furniture & Equipment (FF&E): Slurpy Machine - new Pizza Oven - not used Grill - new Grill - not used Hot Case - new Hot Case - not used Coffee Equipment - new Camera System, 8 Mega Pixel - new Old Grill Fazil Condiment refriderator P.O.S - not included Fountain Machine Col Brew Coffee Ice Cream Cooler Thrifty Ice Cream Cooler Freezer Freezer - not used Small Storage Refrigerator Open Air Case Sandwich
Reason for Sale: Travel is far from home and owner does not have time to devote. Owners have 3 other businesses and 1 has a full time job.