You don't get the building, just the business, its equipment, and the current inventory of merchandise. The store currently holds a 6-year lease for the space, according to the Craigslist ad. Among the draws is that the store currently is a licensed lottery operator.
If you're a fan of Norfolk Mini Mart, there's no need to be alarmed - the store is still operating, and will continue operating as usual if another owner purchases the business. Competition is fairly high in the Woodmont Triangle, with chain stalwart 7-Eleven squaring off against Norfolk Mini Mart, Aria Beer Wine and Deli, News Express and other smaller stores. At the same time, residential construction is booming in the Triangle, with more customers on the way. So this could be a good opportunity for someone with management skills, and a sense of what products apartment dwellers want most in 2014.
3 comments:
The Craigslist link that you provided is for the sale of a store on Falls Road
Address wasn't disclosed, so its a phony map.
It's common on craigslist.
"Yearly Revenues: 150,000
Yearly Net Profit: 40,000"
A profit of 27%???
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