High-Volume Grocery Store and Gas Station in MS

Walnut, MS
Tippah County

High-Volume Grocery Store and Gas Station in MS

Asking Price: Annual Revenue:
$999,000 Not Disclosed

Food & Beverage: Convenience Stores

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RE: High-Volume Grocery Store and Gas Station in MS Broker: Kavita Purohit

Quick Facts

Asking Price: $999,000
Annual Revenue: Not Disclosed
Net Profit: $180,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 180033274
Broker Reference #: Walnut999k

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Business Overview:

High Volume Grocery Store and Gas Station generating over $90,000 Inside Sales and 46,000 gallons sold per month! Over 10 cents margin per gallon! The Seller is generating a net profit of $15,000 per month before the mortgage! After paying all expenses and over $12,000 in payroll! Owner-operator can increase sales and lower payroll!

Property is One Hour East of Memphis, TN in Mississippi! The State just started lottery and the Seller has applied for the lottery license! Seller lives in California and is 100%, absentee owner!

Seller is offering both business-only and with the property!

Seller is asking only $999,000 + inventory for Business and Property! Buyer with sufficient credit can secure the Property for only $250,000 down payment! Mortgage Payment will be less than the rent he is asking!

Store is 11,000 sq.ft! Seller just opened the store in June 2019.

Brand New, State-of-the-Art Store with new equipment, pumps, and canopy! Includes 28-door walk-in freezer and several reach-in and walk-in coolers all throughout the store!

Store is currently a Dry Store. County is planning to start selling beer by the end of this year.

Jobber is Deez Oil with 12 years remaining on the contract. Jobber maintains pumps and canopy! Contract is 50/50 commission split. No jobber deposit required!

Customers come from surrounding cities! The store will start delivery of groceries within a couple of weeks. Less than a mile away from the high school and police department.

Asking Price for the Property is $999,000 + inventory. Inventory is approximately $250,000.

Asking Price for Business-only is $129,000 + inventory. Rent is $8,000 NNN with a 15-year lease available! Seller is willing to finance inventory for the right buyer and offer!

If interested, please email your full name and best contact number to us. Please use email reply button of this ad to contact us.

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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