Retail - Convenience Stores

Asking Price	$179,000	Inventory	$40,000**
Gross Income	$600,000	Real Estate
Cash Flow	$104,300	Year Established	20
FF&E	$80,000*	Employees	2/3

* included in the asking price

** not included in the asking price

Estimated Gross sales: $600,000- 75% cost of good sold= $150,000+ lottery commission of $25,000 = Net before operating expenses:$175,000 -(rent$22,800+Insurance$2500+ supplies $3000+electric $15,000+gas $1,200+phone $1,200+ payroll $50,000= total operating expense $95,700 = owners net$79,300 + owner salary $25,000 = 104,300

Facilities: This store is located in the Providence area. Hi traffic location with a 2000 s.f. store with 5-6 car parking. Hours: M-F 6:00am-9:00pm, Sat. 7:00am-9:00pm, Sun.7:00am-6:00pm.

Competition: This is a densly populated area. There are other stores nearby.

Financing: None

Support/Training: Will train new buyer

Reason Selling: Being transfer from the area.