Retail - Convenience Stores

Asking Price	$500,000	Inventory	$60,000**
Gross Income	$900,000	Real Estate
Cash Flow	$226,000	Year Established	1982
FF&E	$100,000*	Employees	5

* included in the asking price

** not included in the asking price

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.

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: Very little competition in this area for doing all that this store does.

Growth/Expansion: The check cashing has been growing at a clip of $100,000.00 per month. The current number is $1,000,000.00 per month. As the check cashing grows, so does all of the other business, merely because of the additional traffic.

Financing: The Seller will finance $200,000.00

Reason Selling: The seller is in the process of building a Gas station in a different community