Convenient Store

Convenient Store

Available

$250,000.00

Listing Number :

 3648

Status :

Expired

Price :

$250000

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Area

2500

Description

Active convenience store on busy street in good community.Includes Lotto, cigarettes, beer and wine. Per 2017 tax return, business grossed $780,110. Seller of 25 years says profits go up each year. Lease is $6,100/month with three years left and 5-year option to renew. Landlord will reduce rent to current market value for new buyer. Listed at $250,000+ inventory (ranges from $30k – $50k at any given time). Owner is retiring. Good opportunity for continued growth. Please note, photo is generic.

Call agent Linda Eisenman (916) 838-4338 for further details.

3648

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established:
Year Purchased:
Business Type: Market & Grocery
License(s) Required: Business, Health, ABC
Hours of Operation: 6am-11pm /7x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3648
Date Available: 02/27/19
Reason For Sale: Retirement
Annual Total Revenue: 780000
Annual Net Income:
Inventory: 30000-50000 Current
Monthly Payroll: 1750/m
Lease Information
Base Rent: 5400/m
Lease Expires: 2022
Lease Option: 5
NNN: 700
 
Financing Information
Down Payment: 250000
Owner Will Carry:
Other Finance Terms:

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