Catylist ID: #30458144
Northern New Hampshire Convenience Store and Gas Station
Undisclosed Address, Pittsburg, NH
Business Opportunity for Sale
|Catylist Listing ID:||30458144|
|Property Subtypes:||Retail Stores|
|Building Size (RSF):||6,500 SF|
|Name of Establishment:||Confidential|
|Year Business Established:||1955|
|Gross Revenue:||$2,993,352 (Annual)|
|Cash Flow:||$257,503 (Annual)|
|Cash Flow Type:||Sellers Discretionary Earnings|
|Sale Terms:||Cash at closing. Sellers may consider minimal owner financing to qualified buyers for the right deal, if necessary.|
Overview / Comments
This opportunity features both the business and real estate. The “country store” feel emanates throughout this extremely neat, organized, and spotless convenience store, which caters to locals and visitors alike. The store prides itself on the services it provides, including, but not limited to deli, hot and iced flavored coffees and cappuccino, sliced deli meats, pizza, hot breakfast and lunch sandwiches, tobacco products, fishing supplies, gas, dry and frozen groceries, beer, wine, liquor, fresh meats and produce, gifts, recreational equipment and toys, NH hunting and fishing licenses, ATV and snowmobile registrations, seasonal supplies, propane tanks, and ice.
The store is conveniently located on a main artery through New Hampshire’s Great North Woods region featuring recreational activities such as snowmobiling, ATV riding, skiing, fishing, hunting, hiking, and all things outdoors!
On an annualized basis, the store’s customer base includes both locals representing about 40% of business volume and tourists representing roughly 60% of the business. This ratio can vary depending upon the strength of the ski, snowmobile, and summer seasons based on supportive weather. Business is at its height during the summer, with winter weekends and vacation weeks fueling winter seasonal business. Fall foliage season is also a very busy time for the store for both visitors and locals alike, with the locals driving business in the spring mud season once the snow disappears. The store appeals to customers of all economic means as prices have been consciously maintained at very affordable and fair levels.
The store’s strong sales, profit, and earnings show positive and consistent annual growth. This is a perfect opportunity for a family, individual, or couple who may be relocating to the area or who may live in the area and are ready to be their own boss. This is also an exciting business for someone looking for a lifestyle driven change of career option where they can work in a beautiful area servicing people who are in the area to have fun. This is an existing, strong, profitable business which still has the potential to grow exponentially through the efforts of new, motivated, energetic owners!
|Industry Segment:||Convenience Stores|
|Reason for Selling:||Sellers are looking to retire and pursue new opportunities as they have been running this very successful business for over 60 years.|
|Value of Inventory Included ($):||$0|
|Value of Furniture, Fixtures, and Equipment ($):||$437,565|
|Real Estate Status:||Real Property|
|Value of Real Estate Included ($):||$460,000|
|Employee/Labor Description:||Business is run by 5 full time employees and 4 part-time employees.|
|Mgmt/Training Support Description:||The owner is willing to stay on and train for two weeks after the transfer of the business at no charge. He would also be available in a consulting or supporting role beyond the initial training time, as negotiated. Seller is also willing to sign a non-compete agreement with the buyers.|
|Competition/Market Description:||The store is truly the only show in town with the nearest true competitors being miles away.|
|Growth/Expansion Opportunities:||The current owners believe that a new buyer would want to take the “general store” brand and market it more completely via social media and a broader internet presence, as they have not created any real on-line presence. The quickest way to have an instant impact is to create a website which the business does not currently have. The deli/food area, which is very profitable as is, could be a department that a new owner would want to modify further by offering more “grab and go” and “ready-made meal” items, which seems to be the current demand trend of convenience store customers. Any department could be expanded based upon a new owners interest areas, from sporting goods to hardware to clothing to housewares to produce to meats, etc. By taking advantage of the full basement for small engine sales, service, and storage would reap huge profit benefits for the business.|
|Seller Financing Description:||Sellers may consider minimal owner financing to qualified buyers for the right deal, if necessary.|
Jay PolimenoPolimeno Realty NECPE Member
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