Outstanding 7-Eleven Opportunity In Monterey County

Monterey County, CA

Outstanding 7-Eleven Opportunity In Monterey County
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Asking Price: $139,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Established: N/A

Outstanding 7-Eleven Opportunity In Monterey County

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Business Description

Profitable 7-Eleven with a Type 20 Off-Sale Beer & Wine License

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

Detailed Information

Location:
Monterey County, CA
Reason for Selling:
Owner is retiring
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Ad#:1754635

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