Tobacco And Accessory Shop With Lottery Sales

Business Overview:

The owner established this tobacco and accessory convenience store 9 years ago and is now selling due to a family move out of state. Conveniently located next to major streets with ample shared parking, the store offers easy access for customers. In addition to tobacco and accessory products, the store sells lottery tickets, generating over $10,000 in annual lottery commissions alone. Most sales are walk-in, with the majority paid in cash, according to the owner. The store has secure and steady supplies of products, and the owner will share all relevant information and operational knowledge with the new owner. Currently, the owner operates the store himself and often does not adhere to the 9 AM to 7 PM operating hours. If the new owner can maintain the advertised hours or extend them to 9 or 10 PM like other tobacco shops, the store can potentially increase sales volume. In addition, with 1000 sqft of space, there are rooms for additional products such as soft drinks and snacks (the current owner did that, but in recent years, he removed those because he wants to go easy on himself). In short, this opportunity represents one of the simplest ways for an owner to achieve $100K in earnings. As part of the sale, the new owner will receive all furniture, display cabinets, and inventory valued at up to $5,000 at cost. However, cigarette inventory will fluctuate and is not included in the sale price, rather will be added to the final purchase price. With current profit exceeding $85,000 and an asking price of only $49,000 (which includes inventory roughly at $5,000 at cost and $10,000+ in annual lottery commissions), this business is truly priced for a quick sale.

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Reason for Selling:

Family Moving out of State

Additional Details:

Documents:

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