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Convenience Store / No gas contract !

Griffin, GA (Spalding County)

Convenience Store / No gas contract !
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Asking Price: $399,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $100,000

Inventory: $30,000*

Real Estate: $500,000

Established: 1999

*not included in asking price.

Convenience Store / No gas contract !

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Business Description

Price Reduced to only $399 K plus inventory at cost ( approx. $30K ) Great C-Store with gas. Includes Real Estate, business, goodwill. Store owned by Mr & Mrs.Yi. Sellers retiring after 22 years at same location. The sale includes a 3000 sq ft. store and a 1000 sq. ft. rental unit. Current sales per month are: Groceries $7,000 - 10,000, Lottery $3,000 Commission per month., Game Machines $6000 per month, ATM $500 per month, Plus check-cashing. 4 1/2 years left on COAM contract. Store hours should be increased for more sales. Hours are 6 am to 7 pm Mon-Sat, and closed on Sundays. Has 4-8,000 gal gas tanks including diesel. Greqt neighborhood store. Super location to add Fast-Food in store. Sale includes a $10K Chicken-Cooker that is at store location that could be used to greatly grow sales. Store needs Name Brand gas and re-imaged. We have the gas jobbers that are interested in supplying gas to this store if you don't have a jobber. No gas contract. Being sold less than appraised value. Go take a look at it: Jr Food Mart, 918 Everee Inn Road, Griffin,Ga. 30224. Call me anytime Mark McKernan 770-584-8130. KW Realty. Agent.

Detailed Information

Location:
Griffin, GA
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,200
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Red Brick construction
Competition:
Limited competition
Growth & Expansion:
Needs to extend hours, sell fast food, add pharmacy, etc. With more inventory added , deli opened back-up, gas re-opened this store should gross over $50k monthly groceries, 30k gals gas, 40 k lotto. Great store for investment to hold and flip for sizable profit within 3 yrs from your investment date.
Support & Training:
yes
Reason for Selling:
Retiring.
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(from currently available funds)
 
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Mark McKernan

Business Listed By:
Mark Mckernan

KW Atlanta Partners

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