If you are looking for a turnkey business opportunity that has a built-in customer base, then you may want to buy a convenience store. Depending on where you live and how much demand there is for convenience stores in your area, there are usually a few good convenience stores for sale. The question is, when you find a convenience store business for sale, how do you know if it is a good deal?
Doing your “due diligence” is important when considering any new business venture but in this current economic climate, many of the convenience stores for sale may be showing signs of distress. Whenever you see sparsely filled shelves, broken gas pumps, or other parts of the business in disrepair, it may indicate that they buyer is highly motivated to sell. However, it could also indicate that the store has not been profitable for awhile, or may be suffering from a bad reputation.