Starz Market up for sale after 40 years of business

September 23, 2023 by No Comments

In an interesting turn of events, Starz Mart on Exchange has gone up for sale. However, it’s not exactly cheap and if you’re serious about buying this shop then it will cost you $800,000. The shop is listed for sale here and claims to include: ‘groceries, lottery, beer, wine tobacco/cigarettes, ATM, Bitcoin Machine, EBT, Bill Pay, Money Gram, Money Orders & very lucrative check cashing business. Potential to add food service, as well as a designated area for vape products.’

Although little is known about the reasons for the sale, it looks as though this may be a case of retirement. It goes without saying that 40 years of business is a long time. With this said, potential buyers could inherit a solid, turn-key business. Unfortunately, the financial details such as cash flow have not been disclosed publicly. However, these could be revealed if you were serious about buying the shop.

Perhaps one of the shop’s biggest advantages is its strategic location. Located in central Akron, it has a lot of footfall and is near the university. In short, you would assume that the business runs itself which may be why the asking price isn’t far from $1,00,000. Overall, it will be interesting to see if this shop does sell, or at least whether it sells for its full asking price. Although it has been closed for a while, it was previously listed for $1,700,000 earlier this year but failed to sell.

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