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

Asking Price	$49,000	Inventory	$17,000**
Gross Income	$157,000	Real Estate
Cash Flow	$50,000	Year Established	1992
FF&E	N/A	Employees	1

* included in the asking price

** not included in the asking price

This has been a beverage store at this location for the past 14 years. They occupy 2000 sq. ft. and the current rent is $1,200.00 per month. The lease is good thru April of 2009. Each year the rent is adjusted up by $50.00 per month. There is a five year option when this lease expires. The hours of the business are Monday thru Saturday 10:00 AM to 7:30 PM. On Sunday from10:00 AM to 3:00 PM. The owner runs the business all by himself, and has done so from the very beginning. The volume of sales is not that great. For 2005 he did $157,000.00 gross sales. In addition to the beverage business, they also do Lotto, check cashing at 2%, and money orders. With a relatively low rent the owner takes home $50,000.00. Per year. The short hours can be increased to normal hours for this type of business. That would require additional employees, but overall the sales would increase as well as the number they are doing in the check cashing.

Facilities: This business occupies 2000 sq. ft. and the rent is only $1,200.00 per month. The lease is good thru April of 2009. The landlord has stated that the building is available for purchase for $250,000.00. It is not listed for sale. The building has a total of 4000 sq. ft. the other side is unoccupied.

Competition: The primary income at this store is check cashing. There is nothing in the immediate area.

Growth/Expansion: The seller has a policy of not cashing checks that are $1,000.00 and over. He feels that checks over a $1,000.00 will cause him to get audited. He is missing a large segement of the market.

Financing: All cash

Support/Training: The seller will stay with the buyer for a transitional period of one month.

Reason Selling: retiring