Frederick, MD 21702

Property Details

Property type

Investment properties

Description

This well-established convenience store in Frederick, MD, presents a lucrative business opportunity. Operating successfully since approximately 1989, this corner location boasts high visibility, significant traffic, and substantial pedestrian count. The current owner, with 34 years of experience at this address, is selling a business with approximately $100,000 in active inventory. Sales are strong, with beer accounting for approximately 75%, wine for 15%, and miscellaneous grocery and tobacco items making up the remaining 10%. The business enjoys a nearly even split between credit card and cash sales. A significant portion of revenue is generated from Maryland Lottery sales. The store holds a seven-day license for beer and wine sales. Operating hours are 10 AM to 10 PM Sunday through Thursday, and 10 AM to 12 midnight on Friday and Saturday. The asking price is $639,900, plus the wholesale cost of the existing inventory. The seller prefers cash offers to expedite the transaction. A non-disclosure agreement is required before financial details are released. The current business corporation is in good standing with the State of Maryland. The property enjoys a prime location adjacent to a busy Ford dealership and other long-standing, reputable commercial tenants. This is a rare opportunity to acquire a profitable, turnkey business with a proven track record.