Franchised C-Store for Sale in Plymouth County

Description

Convenience store franchise for sale with annual revenue exceeding $1 million. The business is fully staffed and operates under an arrangement where the seller reports no direct rent or utility expense to the franchisee.

Financial profile

• Annual revenue: more than $1 million
• Inventory value: more than $100,000
• Franchise fee for new buyer: $93,000
• No direct rent expense reported
• No direct utility expense reported

Buyers should confirm exactly how rent, utilities and other occupancy costs are handled under the franchise agreement and whether those terms continue after ownership transfers.

Operations

The store is currently fully staffed. The existing owner mainly provides administrative support rather than covering all day-to-day shifts.

A buyer who chooses to work more actively in the store may be able to reduce payroll expense, although actual savings will depend on staffing requirements and franchise operating standards.

Inventory

The seller reports more than $100,000 in inventory associated with the business. Buyers should confirm the inventory count, valuation method and whether all inventory is included in the purchase price or adjusted separately at closing.

Franchise transfer

The buyer must complete the franchisor's approval process before taking ownership.

A franchise fee of approximately $93,000 is required. The seller states that some portion of this fee may be eligible for financing through the franchise company, subject to buyer qualifications and final approval.

Due diligence

Buyers should verify historical sales, gross profit, payroll, franchise royalties, advertising fees, inventory value, vendor terms, operating requirements and the exact structure behind the reported absence of rent and utility expenses before closing.

The franchise agreement should also be reviewed for transfer fees, required renovations, purchasing restrictions, renewal provisions, territory rights and any future capital requirements.