Prime Convenience Store In Baltimore For Sale

Description

Convenience store for sale in downtown Baltimore, located directly in front of a light rail stop.

The store occupies more than 2,000 sq. ft. and carries a broad mix of everyday products.

Store details

• More than 2,000 sq. ft.
• Monthly rent: approximately $2,700
• Average of more than 70 transactions per day
• Refrigerators, freezers and store fixtures included
• Limited staffing requirements

Products

• Groceries
• Snacks and beverages
• Tobacco products
• Lottery
• Toiletries
• Jewelry
• Seasonal gifts
• Other convenience merchandise

The seller reports regular pedestrian traffic from the nearby light rail stop, with trains arriving approximately every 8 to 15 minutes.

Operating hours

• Monday–Saturday: 7:00 AM to 7:00 PM
• Sunday: 8:00 AM to 4:00 PM

The business can be run with relatively light owner involvement, depending on staffing.

Growth

• Add local delivery
• Extend operating hours
• Add higher-margin product categories
• Review product mix based on customer demand

Reason for sale

The seller is retiring from management.

Due diligence

Buyers should verify historical financials, transaction counts, gross margins, inventory value, lease terms, staffing, equipment ownership, lottery commissions, tobacco licensing, merchant fees and any other permits required for the products sold.