Business Overview:
According to this owner, this is a small neighborhood convenience store in south Memphis which has been established for three and a half years and an excellent opportunity for a mom and pop team, a family or first time buyers. The customer base consists mostly of neighborhood patrons; however, the owner gets some business from street traffic as well. The owners gives a prospect a chance to purchase the business with real estate or just the business only.
Owner states this store generates an average of $1,000 per day and that she works there daily from 9am to 3pm. She has another store which she operates with her husband and they do not have enough time to spend with their children, thus, the reason why she is selling.
Days of Operation: Six days, Monday through Saturday 9:30am to 9pm. Inventory at cost included in sale: $15,000. Overall mark up: 35%
Average Monthly Expenses:
Rent: $2,000
Utilities: $1,600
Insurance: $300
Wages: $2,600
Telephone: $200
Garbage: $95.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Property is also for sale! Owner will sell property and business for $300,000 or just business for $120,000.
Reason for Selling:
Needs to spend more time with family
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.