Retail - Convenience Stores | Services - Finance, Banking, Loans & Leasing

Asking Price	$500,000	Inventory	$60,000**
Gross Income	$800,000	Real Estate
Cash Flow	$214,000	Year Established	1966
FF&E	$100,000*	Employees	4

* included in the asking price

** not included in the asking price

This is a beverage deli. The current owner has implemented check cashing and bill paying. There is a lot of industry in the surrounding area. This has created a lot of new traffic and has made the store very profitable. The store hours are Monday thru Friday 6:00 AM to 9:00 PM Saturday 6:00 AM to 8:00 PM and Sunday 8:00 AM to 6:00 PM. Employees: there are 2 full time and 2 part time employees plus the owner. Average weekly payroll is $1,500.00 not including the owner.With a yearly current cash flow of $214,704.00, this business will be paid off in 2.33 years. This type of business usually is priced at 3 times cash flow. That would price this at $644,000.00.

Facilities: The store has 3,000 sq. ft. with parking for 20 cars. The rent is $2,500.00 per month NNN. Real estate taxes are $5,400.00 per year and insurance is $1,000.00 per year. A new owner will get a 5 year lease with 2 five year options with CPI adjustments.

Competition: This business is still growing. The check cashing has been growing at a clip of $100,000.00 per month. The current number of $700,000.00 is expected to grow to $1,000,000.00 per month. This store has the lowest fee of in the area, just 1%. As the community finds this out he continually is getting new customers. As the check cashing grows, so does all of the other business, merely because of the additional traffic.

Financing: Seller will finance $100,000.00 with $400,000.00 down payment.

Support/Training: The seller will train the buyer for a month prior to taking possession. This also includes the observation period.

Reason Selling: Seller is building a gas station. Can not do both.