Retail - Convenience Stores

Asking Price	$160,000	Inventory	$6,000**
Gross Income	$240,000	Real Estate	$125,000**
Cash Flow	Not Disclosed	Year Established	2007
FF&E	$25,000*	Employees	1

* included in the asking price

** not included in the asking price

The property has been newly renovated and has several pieces of new equipment including a 5-dr walk-in cooler, Ice machine & bin, 2-dr reach-in freezer, security system, et al. The owner planned to have a relative operate the business since his health will not permit it. Now his wife helps with another relative, but neither want to continue. The property may be purchased at fair market value--- probably about $125K (will sell at appraised value). The store does not sell alcoholic beverages, however it does have lottery and accepts food stamps. The property is extra nice and could be expanded. It may also make a nice car lot if that is desired.

Facilities: The owner has replaced the roof, updated the electrical service and installed a new HVAC system. The building is about 1500 square feet and sits on a corner lot facing a busy thoroughfare. There is a drive-thru window.

Competition: The location is excellent and has more than ample parking and frontage. It is primarily a neighborhood-type of business though. Adding fast food, e.g. fried chicken, could substantially improve sales volume and profits.

Growth/Expansion: The store should probably be expanded. The owner feels he made the wrong decision to put a large walk-in cooler inside the building. The building sits on .29 acre and has ample room to expand.

Financing: Owner may finance.

Support/Training: The owner will provide training as needed.

Reason Selling: The owner has medical issues and the expected relative never came to operate.