$144,000 NET Busy and Established #10 Convenience Store w/ Great Lease

Glendale, AZ (Maricopa County)

Seller Financing Available
$144,000 NET Busy and Established #10 Convenience Store w/ Great Lease
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Asking Price: $225,000

Cash Flow: $144,000

Gross Revenue: $900,000

EBITDA: N/A

FF&E: $50,000

Inventory: $75,000*

Established: N/A

*not included in asking price.

$144,000 NET Busy and Established #10 Convenience Store w/ Great Lease

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Business Description

If you are looking for a well-established store that does consistently great numbers and produce great income then look no further. This store boasts a great central location on the end cap of a busy center with complete frontage visibility to a busy street. The store itself is stocked with solid inventory and boasts a large walk in cooler with newer compressors that have 3 years left of the warranty on them. The numbers advertised do not include the lotto sales which this store does a lot. The lease in place is great as well at $3500 per month for the next 5 years with two more 5 year options. The store has two employees that work 40 hours a week and take a payroll of $4000 total a month. Run it yourself and make an additional $4000 a month. The store consistently produces and the owner is only selling it because of his health and wanting to retire. Hurry up this store will go quick.

Detailed Information

Inventory:
Not included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2000 sq.ft. store sitting on the end cap of a busy center with great frontage exposure.
Growth & Expansion:
Tons of room for growth by adding additional revenue stream and more smoke shop items and continue on the path of the current owner.
Financing:
Seller will carry with $150,000 down and the balance for 3 years at 6.5%
Support & Training:
2 Weeks after Sale
Reason for Selling:
Retiring and Health Concerns
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(from currently available funds)
 
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Mike Darmo

Business Listed By:
Mike Darmo

American Realty Brokers

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