Discount Store

Discount Store

Available

$350,000.00

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Listing Number :

 3934

Status :

Expired

Price :

$350000

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Area

6755

Description

Very successful discount store for sale in Fremont. Seller has been in business for more than 10 years. The building is 6,755 sq.ft.. Seller is retiring. Seller has contacts with wholesalers and gets the products at a discounted price when buying in bulk. Most of the inventory is priced below $5. Seller is willing to train buyer for 2 months and introduce all his wholesalers. Seller claims: Revenue for 2018 is going to be over $700,000 and the yearly cash flow will be over $180,000. Inventory of around $150,000 is included in the asking price and can be reduced. Building is 6,755 sq.ft., rent is ~$13,000 including NNN with 2 years left on the lease and the landlord will give a 3 year option. #3934

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Retail Discount Store
License(s) Required: Business, Heath
Hours of Operation: 9.30 am- 8 pm
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3934
Date Available: 2/26/2020
Reason For Sale: Retiring
Annual Total Revenue: 700000
Annual Net Income: 180000
Inventory: 150000
Monthly Payroll:
Lease Information
Base Rent: 13000
Lease Expires: 2022
Lease Option: 1 x 3 years
NNN:
 
Financing Information
Down Payment: 350000
Owner Will Carry:
Other Finance Terms:

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