Convenience store for Nothing ($5,000.00)

Eustis, FL (Lake County)

Convenience store for Nothing ($5,000.00)

Asking Price:$5,000

Cash Flow:$60,000

Gross Revenue:$480,000





Convenience store for Nothing ($5,000.00)

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Business Description

A convenience store that has changed hands for over $100,000 can be bought for a token price of $5,000 and a rent of $2,900.per month including sales tax.Store has been there for years and is only up for rent because the previous tenant failed to pay sales tax on other stores that he owned and operated and got into trouble with paying his rent. Landlord evicted him and now wants to grant a new lease to a tenant that will pay only a token figure for the equipment that is worth at least $20,000. Store comes without any inventory ( need about 25,000 and with out any licenses in the new owners name that a buyer will not have any trouble in obtaining a Lotto, Beer and Wine and a food license plus county and city licenses. store always grossed over $50,000 and made a good living for an absentee owner but should be owner operated to maximize the potential,
Where can you pick up a ready going business for $5,000 theses days and just walk in and start making money from day one with out a heavy investment or debt load. Store will require at least $30,000 in inventory, first, last months rent and a security deposit of one month rent. Utilities deposit ($2,500), about $50,000 total should have you in the store and making very good returns on your investment and a payroll for the owner each month as well !. If you ever wanted your own business this is the way to go in this economy and with banks not lending money on businesses. You are paying for no good will but getting it anyway as it will come back as soon as you open..

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
A free standing complete C store that is now being used by the seller/landlord as a thrift store. It has some shelving some equipment and some of the deli equipment that was grossing over $60,000 a month at 30% mark up, Lotto Commission $1,200 a month, ATM commission $1,200 a month all ready for a buyer. Seller/ landlord has just put in a small amount of inventory and cut the store in half and opened the store up ready for a tenant.
Yes their is always competition but this store always got its share as it has good parking and good visibility and was competitive in pricing and offered all services like Western Union and bill paying, check cashing etc, Rent $1,900 per month and a lease to suit for as long as you need. Once a buyer starts operating this business it will be worth over $65,000 plus inventory in the brokers opinion.
Growth & Expansion:
This store will always give a very good living to an owner operator and one employee. This is almost a start up and the seller/Landlord will assist. Once it is up and running it will be worth $75,000 to $100,000.
Support & Training:
Landlord owned and operated the store for years and made enough money out of the store to buy a large property and a business in Texas and now lives there. Seller/landlord will train and assist a buyer to operate the store and is jut looking for a tenant so this is a cheap c store to get into and will be worth a lot very soon as it get back to its original gross sales..
Reason for Selling:
Tenant operating store did not pay sales tax and run into trouble with Florida S

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John Price & Associates

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John Price & Associates

John Price Broker & Associates

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