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Situated in Central Jersey, this profitable 30 year old convenience store and luncheonette is poised for significant growth. The market for its coffee, breakfast and sandwich business is untapped, there is a substantial employment base in short walking distance that includes a post office, police station, City Hall, library and court house and a bus stop and church even closer. And, the immediate neighborhood is undergoing rapid development bringing in new condominiums and, with it, new business. The current owner is nearing 80 years old and he is retiring. He has diminished the hours of operations over the years and no longer provides more than coffee and a muffin for breakfast unlike in years past and he now offers no lunch. The store has counter seating and is about 60% utilized providing ample space to develop a true coffee, breakfast and lunch business. It does minimal take-out business and offers no delivery service to a significant, almost captive market. The store also provides money order, newspaper and lottery services and a selection of snack and grocery items. It closes each weekday at 5:30 pm cutting short its service to homeward bound workers. Saturday, the store closes at 2 pm and it does not open on Sundays foregoing service to nearby churchgoers. The neighborhood is well-suited for either an upscale cafe or for a food delivery service.
The seller will train the new owner.
20,000.00 Down & Balance at 5% over 4 Years.
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