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For Sale: 7-Eleven Convenience Store - Major Hwy Location - Monterey County

  • Status: Off The Market

  • Posting ID: 263052

$139,000

Asking Price

Status Of This Posting

NOTE: This BizBen Posting #263052 7-Eleven Convenience Store - Major Hwy Location in Monterey County is currently INACTIVE Today (Either: It's In Escrow, It's Sold, or Is Off The Market Temporarily) - Please See Today's ACTIVE Postings below that match this posting's attributes. For your convenience there are also helpful links below to assist you in your search to buy or sell a small to mid-sized business that matches your criteria. Thank you for using BizBen.com.

Description

Fabulous opportunity for prospective owner-operator to acquire a profitable 7-Eleven with a Type 20 Off-Sale Beer & Wine License. Major highway location is positioned equidistant between the 2 largest cities in Monterey County. Surrounding the location are a substantial number of residential neighborhoods, apartments, and motels this is 7-Eleven's perfect target demographic. It is the closest 7-Eleven to CSU Monterey Bay. The retail store is approximately 2,600 sq. ft. with parking for 6 cars.

Steady increase in sales over the last 3 years. Annual store sales for 2020 forecast to be approximately $1.3 million. Current owner states new owner-operator could net more than $100K annually. Detailed financials produced by 7-Eleven Corporate are available for review.

7-Eleven provides many services that most franchisors do not provide and/or charge additional fees for:

- 7-Eleven pays water, sewer, gas & electric, building rent and property taxes
- 7-Eleven provides financing for all normal store operating expenses
- 7-Eleven provides a field consultant who meets regularly with the franchisee

7 'Eleven is ranked #10 on Entrepreneur magazine's 2019 Top 500 Franchises List. 7-Eleven has been a convenience retailer for eight decades, and a leader in the franchise industry for more than 40 years. Today, 7-Eleven is the world's largest convenience retailer and allows the owner-operator the opportunity to operate a truly neighborhood business with all the advantages of a global retail giant.

All sales of existing 7-Eleven are structured as follows: Purchase price (aka 'Listing Price') is for 'Goodwill' only. Buyer must also pay 7-Eleven a franchise fee of approximately $97K (financing available for Veterans) along with some substantially smaller other startup related fees. Buyer must be approved by 7-Eleven.

Owner is retiring and wants to spend more time with family and pursue other business opportunities.

This particular 7-Eleven is the most aggressively priced unit of all the 7-Eleven's currently for sale in Northern California. Goodwill price is only $139,000

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Details

  1. Asking Price: $139,000

  2. Down: Call / Email

  3. Cash Flow: Call/ Email

  4. Revenue:   Call / Email

  1. Area: Monterey County

  2. City: None Given

  1. Attributes:

    Broker-Broker CoopTraining & Support

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