Water Company

Water Company

Available

$99,000.00

Listing Number :

 6268

Status :

Expired

Price :

$99000

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Area

1000

Description

This is a great location Water Store and U Haul Rental business in heart of Reseda, great potential to take over this family operated Business and take it to the next level. Sellers have been in Business for over 20 years and are ready to retire. It is been fully owner operated. You could easily increase sales by re-arranging the store and adding other services. Seller claims Gross Sales are about $90,000 from Water Plus additional $25,000 profit from U Haul rental Commissions. Total Net is about $65,000 annually as seller claims. Lease is until October 2023 and could be extended upon Landlord approval. Rent is$2,250 + 1,500 Cam charges. the Store is about 1000 sq.ft.

6268

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established: 1999
Year Purchased: 2009
Business Type: Water Store & U Haul
License(s) Required: Business
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  Possible
Office Listing Number: 6268
Date Available: 7/21/2019
Reason For Sale: Retiring
Annual Total Revenue: 115000
Annual Net Income: 65000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 2250/m
Lease Expires: 2023
Lease Option:
NNN: 1500
 
Financing Information
Down Payment: 99000
Owner Will Carry:
Other Finance Terms:

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