Business Overview:
This is a neighborhood convenience store in a great location in this northeast Memphis location. The owner established this business three and a half years ago and states that the business is grossing around $2,000 per day. The customer bases consists of residents in the homes and apartment complexes in the area as well as customers from street traffic. The owner does not offer EBT services at this location which is a great opportunity for sales to increase if food stamps were accepted.
The store is open seven days per week from 7am-11pm. Owner states his average profit margin is between 25% and 30%.
There are two employees (one full time and one part time). Inventory of $25,000 will be included in the purchase price.
The average monthly expenses are:
Rent: $1,500 (present lease expires in April 2011 with two year options: 1st five year at $1,750 and 2nd five year at $2,000.
Utilities: $1,200
Wages: $2,000
Insurance: $170
Telephone: $50
Alarm: $50
Purchase Price: $165,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Relocation
Additional Details:
- The property is leased.
- 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.