An Established 7-eleven with potential for higher sales in great neigh

Monterey County, CA

An Established 7-eleven with potential for higher sales in great neigh
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Asking Price: $175,000

Cash Flow: N/A

Gross Revenue: $1,450,000

EBITDA: N/A

FF&E: $0

Inventory: $20,000*

Real Estate: N/A

Established: 1975

*not included in asking price.

An Established 7-eleven with potential for higher sales in great neigh

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Business Description

7-eleven franchise is one of the best if not the best convenience store business there is. With over 56,000 stores worldwide, their presence in 18 countries and growing is a testament to their popularity and recognized brand. I would describe their business model a money maker with very low risk and very steady income. As a franchisee, you only need to follow the lead and mix it with your own local market experience to increase the sales by creating customer satisfaction. If you are finally tired of the corporate world or a lousy job market and want a steady income without risk of an independent business, you need to look closer at 7-eleven. Cash requirements are at least 250,000 dollars per 7-eleven application. Typical Cash required for any 7-eleven stores in California is on average 400,000 dollars. No SBA or Bank financing available for 7-eleven Franchise due to the nature of its contract. Asking price reflects the goodwill.
The Franchise fee on this store is 116,000 dollars plus 20,000 for inventory. The store has been owned by the same family for 28 years. It has a very high potential for sales increase with a new Franchisee. Call for details.

Detailed Information

Location:
Monterey County, CA
Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
7
Facilities:
Facilities Universal 7-eleven store setup and facilities all provided and maintained by the corporation. Franchisee has very minimal responsibility with the cost of the upkeep other than cleanliness and the annual equipment maintenance contract half of which is paid by the corporate.
Competition:
7-eleven has virtually no direct competition when it comes to convenience store business. It is a very nimble company that adapts to market condition changes rather quickly and hence its ability to ward off the competition and remain the top retail / convenience business. They are named number one Franchise by Entrepreneur Magazine. 60,000 Stores in 17 countries.
Growth & Expansion:
This business has a very steady growth patterns. None of the gyrations experienced with Gas Station/mart combinations which are caused by the price of the gas. This really is the reason for 7-eleven’s steady and successful business model. High gross profit of 38% to 44% are normal vs. the liquor store margins of 23%.
Financing:
Available Limited
Support & Training:
Mandatory, Full time 5 to 8 weeks of class and store training on the 7-eleven processes, ordering system, inventory maintenance, store cleanliness, merchandise ordering and customer relations. There is as well on-going corporate support, more training, marketing and advertising plus new product introductions.
Reason for Selling:
Retirement after 30 years ownership
Franchise:
This business is an established franchise
Business Website:
http://www.facebook.com/CaliforniaBusinessAdvisors/
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(from currently available funds)
 
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Amir Aghaee, CBB

Business Listed By:
Amir Aghaee

California Business Advisors

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