PROFITABLE CONVENIENCE STORE IN STRATEGIC LOCATION
About this business for salePROFITABLE CONVENIENCE STORE IN STRATEGIC LOCATION
24/7 Profitable Convenience Store in A Strategic Location (Price Lowered)
A 24/7 Convenience Store with a newly registered business permit situated inside a gasoline station. The owner decided to sell this business to expand his other service business.
The sale includes POS, 1 unit-3-ton almost new air conditioning, 1 desktop PC and printer, microwave oven, siopao/siomai steamer, almost new chiller, charging station for phones, 6 steel racks, 5 tall chairs, 3 ceiling fans, 4 emergency lights, 2 round chairs, and 1 aluminum table with 2 chairs. The new owner could have the option to continue the name of the store or to change the name.
The store is also engaged in money remittance and bayad center which will add to the revenue of the store.
As per seller’s data, the average net income is ₱50,000 per month. The total area of the store is 71 square meter, monthly rental is ₱37,400 and 20% of the total space is being subleased to a 3rd party amounting to ₱15,000 per month. In June 2018, 2 shelves inside the store were rented to a 3rd party for ₱3,000 a month to display and sell their products. So, net monthly rental expense is only ₱19,400 per month!
7 CCTV’s are installed inside the store and several CCTV’s around the vicinity of the gasoline station that helps the premises to be more secure. The store has its own security guard during night time. 3 salesladies work on a 12-hour basis shifting in an 8 hour rotation; therefore, 2 salesladies are on duty for every rotation.
Asking price is ₱1,450,000 plus VAT (if applicable) including inventory of approximately ₱250,000. Interested? Call Lorna today!
Business Broker: Lorna Estacio | Email: email@example.com | Mobile: +63 927 949 2217, +63 933 859 1720, +63 2 788 6894
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.