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$50,000 Down buys this Conv store - Bank Loan NET $155K owner/operator

Chicago, IL (Cook County)

Seller Financing Available
$50,000 Down buys this Conv store - Bank Loan NET $155K owner/operator
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Asking Price: $599,000

Cash Flow: $173,269

Gross Revenue: $1,228,829

EBITDA: $145,269

FF&E: $500,000

Inventory: $220,000*

Rent: $6,072 /Month

Established: 2000

*not included in asking price.

$50,000 Down buys this Conv store - Bank Loan NET $155K owner/operator

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Business Description

ONLY $50K Down Convenience Store with Bank SBA Loan -$165K Income +20% Upside

Do YOU WAN TO BUY A 7-ELEVEN without paying the 7-11 Franchise Fees and royalties and may more money than a 7-Eleven owner does?
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This looks better than 7-Eleven
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Cash Flow $155K as owner-managed. Excellent Location
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Another Great Listing Offered by Syed Brokerage & Capital -
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Located in Chicago Metro about 20 minutes from Chicago Downtown in a great area -
Located on a major thoroughfare and IL route

High Volume Convenience Store Avg $102,402 per month
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Low Rent/Property Tax 6,077 per month
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The year 2018 - Lotto commission 71,188

Partnership slip and complication force the sale.
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If Owner managed, can increase the revenues and profit margin by 20%-25% easily.
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Business is located in a mixed demographic area with the low-middle class to THE UPPER middle class
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The Broker has the bank pre-qualified the business-
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Do you have only $80,000 (or $50,000 if you qualify) of that saving as down payment??
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Make a 100% return on your cash down payment.
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Your bank loan payment shall be only $10,874 per month
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Owner's Financing
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Total Loan payments $123,000 and
Your Net Cash Flow - Take Home $50,000 with an investment of $50,000 down payment.
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PLUS PAY YOURSELF AND YOUR FAMILY MEMBERS SALARY TO WORK THERE
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GREAT DEAL
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All numbers are transferred from the actual business tax returns.
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SBA loan pre-qualified
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LOW DOWN PAYMENT OF $95,000 OR EVEN $50,000 DOWN
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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 605 or more and
5- Have NO new slow pay or 30-60 DAYS past due in last 24 months.
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FILL IN THE NDA FIRST
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FAX OR EMAIL BACK TO THE OFFICE.
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PLEASE DO NOT CALL FIRST

Detailed Information

Location:
Chicago, IL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Partnership slip and complication force the sale.
Business Website:
http://syedbrokerage.capital/
Contact Seller

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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