Retail - Convenience Stores | Retail - Other Food Stores

Asking Price	$70,000	Inventory	$35,000**
Gross Income	Not Disclosed	Real Estate
Cash Flow	$30,000	Year Established	1988
FF&E	$30,000*	Employees	2

* included in the asking price

** not included in the asking price

This was a small neighborhood supermarket about 20 years which has been modified into a grocery store. Twenty years ago, this was a high volume grocery store serving this community. When it was sold around 10 years ago, it changed from a small super market version to the present convenience store style. the present owner of this store is also the owner of the property. He states that he will sell the grocery store separately from the real property or sell both together, but under no circumstance will he sell the property only( business for sale for $70,000 with a down payment of $40,000 and a note of $30,000 @ 8% interest for 48 months and the property is for sale for $165,000 all cash at closing: size of lot is -2190 acre and the size of the building is 9539 square feet); the grocery store is utilizing approxiatemately 2500 square feet and the purchase price of $70,000 includes $35,000 in inventory at cost and around $30,000 in equipment. Owner states that the store is generating around $28,000 in monthly sales with an overall mark-up of 30%. The store is open seven days per week from 10 am 7 pm. The owner states that the reason he is selling is because he owns other businesses and doesn't have time to operate this business.

Financing: Down payment: $40,000 financing available for the ballance or $30,000 cash

Reason Selling: Focus on other businesses owned