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Asking Price$149,000
Revenue$434,400 Established2006
Cash Flow$106,726 Employees2 full, 2 part
FF&E$20,000* FranchiseNo
Inventory$30,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Popular urban general store is offered at discount for quick sale, with the entire inventory included, due to owners early retirement after a serious illness and hospital stay. This thriving discount store sells the residents in this city community all kinds of items for their daily needs at good prices, right near the places where they live. There are no mass merchandisers, supermarkets, or convenience stores nearby. Household personal incomes in the community are about 35 percent lower than the metro DC area average. The owners have served the community well over their six years running this large (5000 SF selling space) well lit (new energy efficient), well maintained (HVAC recently overhauled) and neatly arranged emporium. There is plenty of secure storage. Rent is low. Landlord will accommodate a new tenant with a new long term net lease. Three separate vendors of unrelated specialty items rent counter space which offsets the moderate occupancy cost. Other easy sources of income streams not established were in the works but owner has insufficient energy to follow through. MD Lottery would generate healthy commissions. Money Gram would serve the growing immigrant community desiring to send money to relatives back home. Expanding sales of food to 50 percent of the total would allow the store to accept Electronic Benefit Transfers (EBT) to better serve local residents who receive state food stamp and cash benefits. This business is a good fit for the community and serving it even better will bring greater profits to the new operator.
Training/Support:seller will train
Seller Financing:$149,000.00 Down and
Sale Reason:Poor Health and Long Commute
Ad #34113
Seller Reference #22311
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Nicholas Amandos
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