Business Overview:
This is a neighborhood store. The store size is 1,200 sq. ft. Hours: 8am-8pm, 7 days, new owner may extend the hours. The rent is $1,000/per month with yearly increase of $50.00.
Estimated monthly Gross sales is $10,000 food stamps + $7,000 in grocery/cigarettes, etc. = $220,000. Gross sales cost of goods: $120,000 net before operating expenses $100,000. Rent $12,000, Insurance $800, electric $6,000, phone $1,200; total operating expenses is $20,000. Net before salary $80,000.
This information was obtained from the seller. The broker does not certify, warrant, guarantee or make any representations about the same and they are subject to errors, omissions, changes or withdrawn from the market. The broker represents the seller in this transaction. The buyer must use due diligence to verify this information.
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.
Property Features and Assets:
FF&E of $200,000 is included in the asking price.
The store size is 1,200 sq. ft. Hours: 8am-8pm, 7 days, new owner may extend the hours. The rent is $1,000/per month with yearly increase of $50.00
Market Competition and Expansion:
Not many stores in this area, competition is limited.
Can expand the store hours to increase business.
Reason for Selling:
Personal.
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.
Resources: