Convenience Store with 3-Bedroom Apt for Sale in Dover, NH area

Undisclosed Address, New Hampshire
Business Opportunity for Sale
Catylist Listing ID: 30393450
Property Subtypes: Retail Stores
Building Size (RSF): 3,000 SF
Sale Price: $665,000
Gross Revenue: $1,000,594 (Annual)
Cash Flow: $0 (Annual)
Living Accomodations: Yes
Sale Terms: Selling price includes assets of the business and related real estate.
Last Updated: 10/21/2019

Overview / Comments

Convenience store with full basement for storage and 3-bedroom apartment offered for sale with the business and real estate. Well-established local customer base within walking distance and constant flow of traffic. It is a full service convenience store with groceries, large selection of beer and wines, dairy, ice cream, lottery, ATM and takeout deli for subs and salads. The Seller has made a number upgrades over the nearly 20 years of ownership.

Apartment is currently used for family members but could be leased for additional income. Market rent is approximately $1500 per month ($18,000/year).

Additional Details

Industry Segment: Convenience Stores
Reason for Selling: Relocating to be closer to family & other business opportunities
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $32,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: It's a Mixed Use building comprising of approximately 3000 SF+/- residing on .08 acres +/-, corner location. The building has a 1500 SF +/- convenience store with cold deli counter with a 1500 SF +/- basement for storage. In addition, there is a 3-bedroom/1-bath apartment on the second floor. The apartment has 6 rooms, separate utilities and washer/dryer.
Employee/Labor Description: Tenured employees in place
Mgmt/Training Support Description: Willing to assist in transition for a limited time
Competition/Market Description: Competition has existed for a number of year without any major changes.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,950 25,218 46,270
Median Age: 42.09 40.47 40.58
Households: 664 10,148 18,771
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