Description
Established convenience store located in the heart of Warren. This successful business is a turn-key operation. It has been a staple in the community for decades. Prime location with excellent traffic flow & significant foot traffic. Ownership recently made many updates including new flooring, coolers, shelves, electrical updates, kitchen equipment and expansion of a designated section for vape products. Includes groceries, lottery, beer, wine tobacco/cigarettes, ATM, Bitcoin Machine, EBT, Bill Pay, Money Orders & very lucrative check cashing business. Successful hot food service business as well. Lease is $5000/month. Inventory not included in list price. Check cashing $450,000-$650,000 monthly or $5.4-$7.8 million yearly. If new owner is not interested in check cashing, a representative from a local company will operate that portion of the business, 6 days a week from open-close for a fee and owner would not be responsible for any returned checks. Lottery commission currently $60,000-$70,000 per year. ATM profit is $8000-$12,000 per year. Money order sales average $3-$4 million per year. Inside sales $70-$80K monthly and increasing steadily as business is under new management. Pull tabs average yearly income of $7000-$11,000. New tire air pressure machine recently added. Owner willing to provide transitional training. Serious buyers only with proof of funds available. Must sign Non-Disclosure Agreement (NDA) in order to review financials. Please do not disturb the employees. Direct all questions and inquiries to listing agent.
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0.95ACRES
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0BATHS
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01/2 BATHS
Description
Established convenience store located in the heart of Warren. This successful business is a turn-key operation. It has been a staple in the community for decades. Prime location with excellent traffic flow & significant foot traffic. Ownership recently made many updates including new flooring, coolers, shelves, electrical updates, kitchen equipment and expansion of a designated section for vape products. Includes groceries, lottery, beer, wine tobacco/cigarettes, ATM, Bitcoin Machine, EBT, Bill Pay, Money Orders & very lucrative check cashing business. Successful hot food service business as well. Lease is $5000/month. Inventory not included in list price. Check cashing $450,000-$650,000 monthly or $5.4-$7.8 million yearly. If new owner is not interested in check cashing, a representative from a local company will operate that portion of the business, 6 days a week from open-close for a fee and owner would not be responsible for any returned checks. Lottery commission currently $60,000-$70,000 per year. ATM profit is $8000-$12,000 per year. Money order sales average $3-$4 million per year. Inside sales $70-$80K monthly and increasing steadily as business is under new management. Pull tabs average yearly income of $7000-$11,000. New tire air pressure machine recently added. Owner willing to provide transitional training. Serious buyers only with proof of funds available. Must sign Non-Disclosure Agreement (NDA) in order to review financials. Please do not disturb the employees. Direct all questions and inquiries to listing agent.