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Quick Facts
Asking Price: | $675,000 | |
Annual Revenue: | $1,000,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $118,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $80,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 2 | |
BBN Listing #: | 934059836 | |
Broker Reference #: | Not Disclosed |
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Business Overview:
Aggressively priced for immediate sale due to retirement. This is a large convenience store and grocery store in the center of town next to a lot of housing and sits on a 1/4 acre and the building and land is included in the transaction. You read that right the store does a provable $135,000 NET income after all expenses. The store is clean and the owner keeps great books and records. The store boasts a very sizable selection of smoke shop, Conv store, and grocery store items. Be your own landlord and add liquor to take it to the next level. The store boasts restaurant equipment and carneceria equipment which are not being utilized. The seller currently has two employees but run it yourself completely and you can make even more money. There is no competition around to compete so the sky is the limit. The seller is offering great terms and you can avoid SBA with the deal they are offering. The seller is willing to carry $275,000 of the price for 5 years at 6.5% with $400,000 down. Hurry up because opportunities like this dont last especially with this NET income and the real estate being included in the purchase.
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Property Features and Assets:
2,400 square feet stand-alone building on a 12,500 square feet lot in the center of the city.
Market Competition and Expansion:
Tons of room for growth by utilizing the kitchen and more of the grocery side as well.
Additional Details:
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