$50K Down with Bank Loan buys the Conv store NET $155K owner/operator

Chicago, IL (Cook County)

Seller Financing Available
$50K Down with Bank Loan buys the Conv store NET $155K owner/operator
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Asking Price: $699,000

Cash Flow: $173,269

Gross Revenue: $1,228,829

EBITDA: $145,269

FF&E: $500,000

Inventory: $220,000*

Rent: $5,783 /Month

Established: 1999

*not included in asking price.

$50K Down with Bank Loan buys the Conv store NET $155K owner/operator

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Business Description

ONLY $50K Down Convenience Store - with Bank SBA Loan -$175K Income & 20% Upsid

Do YOU WANT 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 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 to show in the bank and only $90,000 (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 $10,871 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 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 available for... If you qualify, terms and conditions are dictated by the lender. However, you must meet the following minimum requirement. Some fees apply.
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1- US Citizen or Green Card Holder (permanent resident) with the;
2- Related verifiable experience that must be verified through W2, 1099, Schedule C or business tax returns)
3- Have $100,000 to show in your bank account.
4- Minimum Credit score of 630 or more and
5- MUST NOT have any slow pay (30-60 DAYS past due) in the last 24 months.
6- The SBA loan payments and terms are not determined by the Broker.
7- The Business loan interest rates are WSJ prime rate + 2.75% per year.
8- There are some typical, customary SBA loan closing costs.
9- The broker may be able to finance all of the closing costs into the business loan
10- Other terms and conditions apply.
11- This is NOT a guarantee to lend or solicitation to lend.
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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

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
1/1/2029
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Seller to help with the down payment
Reason for Selling:
Partnership split and complication forces the sale
Business Website:
http://syedbrokerage.com
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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