200+K Cash Flow - Great Grocery Market with $100K Down with Bank Loan

Chicago, IL (Cook County)

Seller Financing Available
200+K Cash Flow - Great Grocery Market with $100K Down with Bank Loan

Asking Price:$698,800

Cash Flow:$250,000

Gross Revenue:$3,727,403

EBITDA:N/A

FF&E:N/A

Inventory:$200,000*

Lease Rate:$5.32 /SF/Year

Established:1900

*not included in asking price.

200+K Cash Flow - Great Grocery Market with $100K Down with Bank Loan

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Business Description

$100K down payment and earn $250K down payment approved bank loan

**** HUGE MONEY MAKER DEAL ****
$
*** WITH ONLY $100,000 Down payment for qualified buyers ***
*
But You shall need to have at least $150,000 in your bank or liquid capital available immediately to get the loan approved. You, although, shall have to put down only $100,000****
$
Syed Brokerage presents another strong Business with 50% more upside potential.
*
Grocery Store in a free standing building on high traffic area, near the stop light intersection.
*
An Asphalt paved parking with ample striped parking for 50+ cars, lighting and concrete walkways.
*
Owners is burned out
*
Business requires a family operator- with convenience grocery store background.
*
Last 3 years average yearly gross revenues $3,727,403

*
Last 3 years - CASH FLOW - $250,000
*
TRUE POTENTIAL $350,000 BY MERELY ADDING LIQUOR LICENSE.
*
Liquor license available, -
BUT CURRENT OWNERS DO NOT USE AND DO NOT SELL ANY LIQUOR.
Adding the wines, liquor, and beer products, shall increase the business revenues by 40% -
*
Business is located in mixed demographic area with low-middle class to middle class
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The Broker has the bank pre-qualified the business-
*
Do you have $150,000 Cash Available and only $100,000 of that saving as down payment??
*
Make 100% return on your cash down payment.
-
Your bank loan payment shall be only $9,874 per month
-
Owner's Financing payment $3,000 per month
-
Total Loan payments$156,000 and
Your Net Cash Flow - Take Home $94,000 with an investment of $100,000 down payment.
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PLUS PAY FAMILY MEMBERS SALARY TO WORK THERE
*
GREAT DEAL

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
11/30/2028
Employees:
10+
Facilities:
14,000 SQUARE FEET neighborhood market and Big Grocery Store Has been in the community for last 60+ years. Staple of the neighborhood. Across from the Police Station - Safe and Great Business. 14,000 SQ FT parking lot exclusively for the market
Growth & Expansion:
Expansion:Adding beer/Wines shall boost the revenues by 30% Current owners do not want due to the faith and or beliefs

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Mehmood H. Syed, CM&AA

Business Listed By:
Mehmood SYED

Syed Brokerage & Capital Co.

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