Profitable Absentee Owned 7-11 in Collin County

This Listing is Closed

Business
  • Listing# : 15510
  • Listed Price : $250,000
  • Total Sales : $1,755,245
  • SIC : 5541
  • Down Payment : $250,000
  • Status : Closed
  • Discretionary Earnings : $113,375

Business Type :

Convenience Stores / C-Store Only

Business Description :

This well-established absentee owned and operated 7-11 is located in the busy Allen, Texas area and has been owned by the current owner for about five years now. Though the revenues have declined a bit over the past couple of years, we expect a re-branding, in May of 2019, by Exxon with LED signage will drive increased traffic to the store. This attractive business opportunity also includes rental income and revenue from propane sales. The 10-year 7-11 Franchise agreement expires in early May of 2019 so a buyer could decide to be independent and keep the 25% of inside revenues for himself that the store has been paying to 7-11 as franchise fees, over the years. (With all things being equal, this business could have generated an additional cash flow of more than $115,000 in 2018 if individually owned and operated, for a combined cash flow of more than $331,000).





Assets/Liabilities:

    • Accounts Receivable $10,296
    • Incl : Yes
    • Real Estate $0
    • Incl :
    • Inventory $111,010
    • Incl : Yes
    • Liabilities $43,841
    • Incl : Yes
    • FF&E $0
    • Incl :
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $121,306
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Convenience Stores