Profitable Convenience and General Store in Somerset County, NJ

This listing presents a well-established Convenience and General Store located in Somerset County, New Jersey. The business boasts a diverse product offering, catering to a wide range of customer needs with items such as soda, snacks, candies, phone cards, over-the-counter medications, smoking products (including Juul and tobacco), wallets, clothing, plants, shoes, bicycles, and lottery tickets. It also features an ATM and offers money transfer services (Ria, Moneygram, Western Union) and cell phone bill payments, contributing to additional income streams. The store averages $900-$1000 in daily sales, equating to an annual gross revenue of $390,000. The seller's discretionary earnings are reported to be over $90,000 per year. With 15 years in operation, the business is situated in a prime main street location with 2,700 sq ft of space and a long-term lease available at $5,500 per month. The business is easy to operate, suitable for a new owner/operator, or can be managed semi-absentee or absentee with limited payroll. There is noted demand for electric bikes due to a nearby university campus, indicating growth potential. The seller is planning to retire and will provide training and support to a qualified buyer. Inventory is valued at $60,000 but is not included in the asking price.