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Business For Sale

LARGE VOLUME CONVENIENCE STORE! MULTIPLE INCOME

Attn: Not Available
Memphis, TN, USA
Listing Number: "4342 F"
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Asking Price: $280,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Conv & Food Stores  
Reason for Selling: Other business interests
Year Established: 35 years
# of Employees: 2 full time, 2 part time
Yearly Revenues: $840,000
Monthly Payroll: $7,000
 

Business for Sale Overview:

This Large volume store is located in a high-traffic intersection. Surrounding neighborhood has a very strong Latino demographic, which adds a tremendous factor for the business. Currently, this business does an extremely large volume with items such as beer, cigarettes, meats, phone cards, etc. with the local demographic being the main consumers. Perhaps new owner could take it to the next level. Owner also does check-cashing for some regulars which tops off at $200,000 per month. He usually generates about $3,000 per month for his check-cashing fee. The store definitely has potential for more check-cashing revenue. This is an excellent opportunity for someone who wants to make great money for years to come!


Property Features and Assets:

Business is located in a very high traffic area. Lots of walk in traffic due to location, as well as loyal clientele from the surrounding neighborhood.


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for 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.

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