Beer & Wine Store with Convenience and High Lottery Commissions For Sale
High Lottery Commissions and Keno
Worcester County, MA
Listing Number: 1607
Asking Price: $219,000 (+ inventory)
Gross Revenues: $563,000
Lottery Commissions: $60,000
This is a very clean well-organized convenience store with a large variety of beer, wine, tobacco and lottery with newly added Keno. This turnkey operation has it all. Plenty of parking space out front side and a large rear parking lot and entrance. There is even a 40 FT trailer for extra storage in the rear.
This store is in a dense neighborhood location with mostly multifamily homes within walking distance. Across the street is a popular pizza-sub shop and a self-serve laundromat.
A great opportunity for a first-time single owner to operate with part-time staff. Long established and loyal clientele makes this a solid investment at a reasonable value.
The business is in a 2,200 SF space with rent of $2,385 per month net. There is a long-term lease in place that runs through 2043 with minimal 5-year increases. The building is self-standing with easy in and out access with high visibility on a heavily traveled road. The store has a large walk-in 15 door cooler, freezer and additional wine coolers.
Growth & Expansion: Owner is mostly absentee, a new owner operator could add marketing, advertising, tasting and community events to help increase revenues and profits. Keno is new and should be promoted. Making a designated keno and coffee area will keep customers stay longer and purchase more.
Employees: 2 FT employees.
Terms: It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.
Support & Training: Owner will provide training and support for a smooth transition