200+K Cash Flow - Great Grocery Market with $50K Down with Bank Loan

Chicago, IL (Cook County)

Seller Financing Available
200+K Cash Flow - Great Grocery Market with $50K Down with Bank Loan
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Asking Price: $700,800

Cash Flow: $227,250

Gross Revenue: $3,602,385

EBITDA: $165,250

FF&E: $700,000

Inventory: $220,000*

Rent: $7,000 /Month

Established: 1960

*not included in asking price.

200+K Cash Flow - Great Grocery Market with $50K Down with Bank Loan

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Business Description

$50K Down with Bank Loan -$230K Monster Income & 30% Upside Potential

**** HUGE MONEY MAKER DEAL ****
$
*** WITH ONLY $50,000 Down payment for qualified buyers ***
*
But You shall need to have at least $130,000 in your bank or liquid capital available immediately to get the loan approved. You, although, shall have to put down only $50,000****
$
Syed Brokerage presents another strong Business with 50% more upside potential.
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Grocery Store in a free-standing building on high traffic area, near the stop light intersection.
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An Asphalt paved parking with ample striped parking for 50+ cars, lighting and concrete walkways.
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Owners are burned out
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Business requires a family operator- with convenience grocery store background.
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Last 3 years average yearly gross revenues $3,602,385

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Last 3 years - CASH FLOW - $250,000
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TRUE POTENTIAL $350,000 BY MERELY ADDING LIQUOR LICENSE.
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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% -
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Business is located in a mixed demographic area with the low-middle class to middle class
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The Broker has the bank pre-qualified the business-
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Do you have $130,000 Cash Available and only $100,000 of that saving as down payment??
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Make a 200% return on your cash down payment.
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Your bank loan payment shall be only $9,874 per month
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Owner's Financing
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Total Loan payments $126,000 and
Your Net Cash Flow - Take Home $125,000 with an investment of $50,000 down payment.
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PLUS PAY FAMILY MEMBERS SALARY TO WORK THERE
*
GREAT DEAL
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All numbers are transferred from the actual business tax returns.
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SBA loan pre-qualified
LOW DOWN PAYMENT OF $265,000 OR EVEN $140,000 DOWN
***

The low down payment is availalbe for.... If you qualify, terms and conditions are dicated by the lender. However, you must meet the following minimum requirrement. Some fees apply.
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1- US Citizen or Green Card Holder (permanent resident) with
2- Related retail verifiable experience through W2, 1099, or tax returns
3- Have $130,000 to show in your bank account.
4- Minimum Credit score of 625 or more and
5- Have NO new slow pay or 30-60 DAYS past due in last 24 months.
****************************************************************

FILL IN THE NDA FIRST
-
FAX OR EMAIL BACK TO THE OFFICE.
-
PLEASE DO NOT CALL FIRST
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UNTIL YOU SEND IN THE NDA AND YOUR INFORMATION
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## Without signing the NDA and filling in Buyer's Profile, No information is released...

Thank you for your interest in the listing.
Disclaimer: Each loan and the borrower is unique and may have different terms and conditions of the SBA loan terms. It is the case scenario, which has been successful in other SBA loans and already closed such deals. We just closed a few deals, where the down payment was only 5% -

-All of our deals have down payment of 5%-15% only-
We will facilitate the SBA loan for the buyer.
The interest rate may will be different based upon the borrower's strength. It ranges between prime rate + 1% to prime rate + 2.75%

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
14,000
Lease Expiration:
2/2/2029
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
14,000 SQUARE FEET neighborhood market and Big Grocery Store Has been in the community for the last 60+ years. A 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
Business Website:
http://syedbrokerage.capital/
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Contact the Seller

(from currently available funds)
 
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Mehmood H. Syed, CM&AA

Business Listed By:
Mehmood SYED

Syed Brokerage & Capital Co.

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