Profitable Convenience and General Store in Somerset County, NJ with $90K Cash Flow

This listing presents a well-established Convenience and General Store located in Somerset County, New Jersey. The business offers a wide array of products including beverages, snacks, candies, over-the-counter medications, smoking accessories, clothing, shoes, bicycles, and lottery tickets. It generates an average daily sale of $900-$1000, resulting in annual gross revenue of $390,000. Additional income streams from Lottery, ATM, money transfer services (Ria, Moneygram, Westernunion), and cell phone bill payments contribute between $45,000 to $50,000 annually. The store has seen high demand for electric bikes due to its proximity to a university campus. The seller's net cash flow is reported to be over $90,000 per year. The business operates from a 2,700 sq ft space under a long-term lease at $5,500 per month. It is described as easy to operate, suitable for an owner-operator, or manageable semi-absentee/absentee with limited payroll. Assets include all equipment, furniture, fixtures, and a POS system. The inventory is valued at $60,000 and is not included in the asking price. The seller is planning to retire and will provide training and support to a qualified buyer. Potential buyers are required to sign an NDA with Photo ID and Proof of Funds.