Established Franchises - Business for Sale Details

DELI/CONVENIENCE STORE

Overview of the Business:

This well-known deli/convenience store in the Tampa Bay area was established for over 30 years ago and is centrally located in a high traffic area surrounded by a hospital, schools, and densely populated residential neighborhoods. Convenience store comprises 70% of sales volume. Discretionary earnings for a two month period are $37,194 annualized at the current revenue and expense rate discretionary earnings would be $223,164. The convenience store merchandise includes beer, wine, cigarettes, and a variety of miscellaneous high demand grocery items for local area customers. Due to its excellent location and reputation, the store draws a lot of repeat traffic as well as new customers on a daily basis. Recent improvements to the deli have been made with the purchase of deli coolers, new refrigeration equipment, a new prep station, and cappuccino and ice tea machines. The deli now has a larger selection of menu items. Offering fresh sandwiches made daily, and other delicious fare, the deli section has three booths to accommodate customers who wish to dine on the premises. Deli sales have increased with the improvements and additional advertising in local area newspapers. This is a great small business opportunity that can grow and expand with the right energetic innovative buyer.

Property Features and Assets:

Lease: The business has been in the same location for 30 years and operates in a 2,000 square feet free standing building. Base rent for $905. Lease expires 9/2014 with a 1 – 5 year option. Deposit of $1,800 is due upon transfer of lease. Owner responsible for all repairs.

Market Competition and Expansion:

Currently the business advertises in the newspaper as it only means of marketing. A new energetic buyer could design and implement a pro-active aggressive marketing plan that includes flayers, and coupons distributed at the hospital and local schools offering incentives and discounts for new and existing customers. A direct mail advertising campaign could be included in the overall plan directed to surrounding neighborhoods. Both forms of additional advertising raise awareness and could generate an increase in sales and overall earnings for the business. The addition of a web site with ordering capabilities for lunch time deli selections providing fast pick-up service to hospital staff and visitors and/or a delivery service has the potential to increase revenues. Other forms of advertising could be pursued to heighten awareness and generate new customers to patronize the store from the local area.

Additional Details:

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