Busy Convenience Store Mainly On Groceries For Sale

Description

Business type: convenience store

Current status: established operating business

Financial information

Annual sales: approximately $850,000

Seller-reported net earnings: approximately $20,000 per month

Net earnings basis: after two employee wages and rent

Profit margins: stated as strong

Operating overhead: stated as low

Revenue channels

Primary revenue source: grocery sales

Cigarette and tobacco share of revenue: less than 10%

Lottery sales: currently inactive

Lottery terminal reinstatement: possible at buyer option

Staff and operations

Employees: 2

Staffing structure: established

Cash flow: stated as stable

Lease

Monthly rent: $2,750

HST: additional to stated rent

Expansion options

• Reinstate lottery services
• Increase convenience product sales
• Expand additional revenue channels