Back to Sold Properties
Sold for $34,000 Sold

401 Nathan Ellis Highway
Mashpee, MA 02649

Extra Listings
2,400 sq ft
Property Photo

Sold

Sold for $34,000 on Aug 1, 2015

Description

Convenience Store/Dollar$aver Store - ALL OFFERS ENTERTAINED! A unique concept as unlike most “Dollar” stores it is also a neighborhood convenience store and unlike most convenience stores it carries a wide variety of items at value prices. Price reduced by Seller with family emergency. This nicely designed and attractive shop is beautifully built out and is located in a prime spot adjacent to the Dunkin Donuts in the Johns Pond Center. It is a unique concept as unlike most “Dollar” stores it is also a neighborhood convenience store and unlike most convenience stores it carries a wide variety of items at value prices. The store features the best prices in the area on virtually every item from cigarettes to balloons and greeting cards, snow shovels and de-icer, tools and paper goods, clothing, household goods and food items. It is a licensed Mass Lottery dealer offering scratch cards and various Lottery “Numbers” games. It also offers MoneyGrams and has an ATM. The value of the furnishings and fixtures exceeds $50,000. The lease runs through July, 2017 and there are two additional three year options. The current monthly rent is $2,797 including all NNN charges. Other expenses are very modest at about $600 per month. With the exception of some “lost lead” items, the cost of goods is typically less than the industry average. At about 23%, the profit margin is well above the industry standard. The owner has an established network of suppliers who provide exceptional pricing. Included in the sale is all equipment, furnishings, fixtures, trade name (not a franchise of license - you will own the trade name), leasehold improvements, rights to the lease, Lottery and MoneyGram, exclusive vendor list, phone number(s), proprietary marketing, promotional and packaging materials, and other items required for operation of this Turn-Key business along with the store’s excellent reputation and good will. The business is offered at $65,000 plus the wholesale value of the inventory.

Features

  • Cash Flow: Positive
  • Cost of Goods: Bertter than Industry Standard
  • Curb Appeal: Excellent
  • Equipment: Up to date
  • Licenses: In Place
  • List Date: 3/17/15
  • Reputation: Excellent
  • Signage: Attractive
  • Site/Location: Excellent
  • Tourist Friendly: Very
  • Training: Yes
  • Turn Key: Yes

Jim Vaccaro
Jim Vaccaro

Cape Cod Business Brokers
Mashpee, MA 02649

508-477-6053
Contact Me

Contact Me





* fields are required


Jim Vaccaro | 508-477-6053 | Contact Us 
22 Steeple Street, PO Box 400 - Mashpee, MA 02649
Copyright ©  , All Rights Reserved

house realtor mls