PRICE REDUCTION: Convenience store & X.S. Land

Golden Valley, AZ (Mohave County)

Seller Financing Available
Front Elevation Looking S. from Hwy 93
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Asking Price: $950,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $132,888

Inventory: N/A

Real Estate: $950,000

Established: 1948

PRICE REDUCTION: Convenience store & X.S. Land

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Business Description

PRICE REDUCTION (10-26-18)
Land-only value is $1.60/sf at the asking price.
The convenience store is in standalone building on this property, and is operating. There is a pizzeria (closed) in a 2nd standalone building. The marijuana dispensary & grow room are in a 3rd vacant building. There is also a utility building and small SFH on the property. These developments occupy about 3.21 +/- ac. of the 13.55 +/-ac. parcel.
The offering is for all business assets including the real estate and developments. (Equipment list available). The pricing reflects no business value. There are no historical financials for the business units. (The seller may share some operational data and source docs during due diligence.)
The marijuana building was custom built-out in 2013-2017 specifically for dispensary & grow room use. About 1/2 the building was remodeled for a retail dispensary, and 1/2 the building was made for a growing room. This is currently vacant. Buyer can operate or lease out as they wish.
This is an older property and since the seller bought it in 2002 has remodeled all 5 of the buildings at a cost of about $755,000.
Also, there is an off-site water well piped to the property & stubbed. This will convey with the purchase.
Seller will carry financing for the transaction, subject to terms.
Seller will consider taking on a strategic equity partner for development of this site into a gas station, travel center, truck stop, etc.

Attached Documents


Detailed Information

Location:
Golden Valley, AZ
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
9,433
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
C-store - standalone building: 2,684 +/- sf, Pizzeria - standalone building; 1,035 +/- sf. Marijuana Building - standalone building: 4,251 +/- sf. Utility building - standalone building: 563 +/- sf. SFH: 900 +/- sf.
Competition:
This is a rural market sparsely populated. The trade radius for the locals is estimated to be 15-20 mi. and include the communities of Chloride and Dolen Springs. There is also minor-to-no direct competition.
Growth & Expansion:
There is over 10 ac. of the parcel that is undeveloped. The property is located on U.S. Hwy 93 about 19 mi. N. of Kingman, and 84 mi. S. of Las Vegas NV. Any improvements for retail services or tourist services should be considered.
Support & Training:
2 weeks
Reason for Selling:
Retirement
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(from currently available funds)
 
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Michael Green

Business Listed By:
Michael Green

MJG Gas Station Specialists LLC

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