Retail - Convenience Stores | Retail - Liquor Stores

Asking Price	$165,000	Inventory	$25,000*
Gross Income	$720,000	Real Estate
Cash Flow	Not Disclosed	Year Established	2005
FF&E	$35,000*	Employees	2f/t

* included in the asking price

** not included in the asking price

This is a neighborhood convenience store in a great location in this northeast Memphis location. The owner established this business three and ahalf years ago and states that the business is grossing around $2,000 per day. The customer bases consists of residents in the homes and apartment complexes in the area as well as customers from street traffic. The owner does not offer EBT services at this location which is a great opportunity for sales to increase if food stamps were accepted. The store is open seven days per week from 7am-11pm. Owner states his average profit margin is between 25% and 30%. There are two employees (one full time and one part time). Inventory of $25,000 will be included in the purchase price. The average monthly expenses are: Rent: $1,500 (present lease expires in April 2011 with two year options: 1st five year @1750 and 2nd five year @$2,000. Utilities: 1200 Wages: 2000 Insurance: 170 Telephone: 50 Alarm: 50 Purchase Price: 165,000

Support/Training: Seller will train new owner for a mutually agreed upon period of time.

Reason Selling: Relocation