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Bar & Convenience-Store Property At TN-AL Border!
LORETTO, TN
LAWRENCE County
Bar & C-Store Property at TN-AL Border!
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| Asking Price: | Annual Revenue: |
| $1,099,000 | $956,400 |
Food & Beverage: Convenience Stores
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RE: Bar & Convenience-Store Property At TN-AL Border!
Contact: Kavita Purohit
Quick Facts
| Asking Price: | $1,099,000 | |
| Annual Revenue: | $956,400 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $300,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 240533274 | |
| Broker Reference #: | LORETTO1.099M |
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Business Overview:
Please do not speak to employees because they are unaware the store is for sale!
Lease-Purchase Available for the Property for only $399,000 inventory!
Seller's Net Profit is over $26,000 per month after paying $10,000 in monthly Payroll! After paying a 30% downpayment (approximately $321,000), Buyer's Net Profit after Mortgage will still be over $250,000 per year!
Huge Lottery Commission at $10,000 per month! Store is located at the border of Alabama and Tennessee on the Tennessee-side and all the Alabama customers travel to Tennesee to play lottery!
Restaurant/Bar sales are $36,000 monthly! C-Store sales are $31,000 monthly with high margins! Lottery commission is $10,000 per month! Quarter Machine Commission is $1,300 per month!
Building is Newly Built!
30 mins from Florence, AL & Lawrenceburg, TN! 1 and a half hours from Huntsville, AL! Less than 2 hours from Nashville, TN!
No Competition!
Asking Price for the Business and Property is $1,099,000 Inventory! Inventory is approximately $40,000 at cost.
The Seller is willing to lease purchase the property for $399,000 inventory down, 25-year amortization, and 7% interest rate. Based on those terms and asking price of $1,099,000 inventory, your mortgage payment to him will be only $4,947.45! Your Take-Home After Mortgage will be more than $20,000 per month!
You will have 3 years from the closing date to go to the bank for the remaining balance. 3 years is typical since you just need 2 years of strong tax returns for the bank to give the loan. However, the seller agreed to accept $150,000 to extend the property purchase option for an additional 7 years thereafter to finance you.
If interested, please email your full name and best contact number to info@riverbrokers.com
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Tennessee businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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