Profile: Owner Retiring After 19 Years. Solid Performance.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Amrit Sidhu, Broker
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| Primary Phone: |
510-681-5618 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
9/12/08 |
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| Date Last Revised: |
10/7/08 |
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| BizBen Ad #: |
131078 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$465,000 |
| Down Payment: |
$200,000 |
| Annual Revenue: |
Call/Email |
| Annual Adjusted Net: |
Call/Email |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
No |
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Description:
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The Owner Has Been In Business For Over 19 Years And Has Made A Difficult Decision To Sell And Retire. The Store Is Located At A Very Busy Corner And Has Street Parking.
Gross Monthly Sale Avg = 57,000
Margin ~ 30%
Monthly Lotto Commission = 750
Gross Profit ~ 17,850
Rent = 3354/Mo Including Nnn For 8 Year Lease.
Pge Avg ~ 750/Mo
Monthly Insurance ~ 150
No Garbage Or Water Expense
Total Expenses ~ 4,254
Net Income For Owner Operator ~ 13,596. The Buyer Can Decide How They Want To Handle The Payroll. This Is A Very Simple One-Man Operation.
The Business Hours Are 8 A.M To Midnight Sun-Thu And Open Till 1 A.M On Fri And Sat.
The Buyer Must Have About 200-250K In Cash To Do The Deal. The Buyer Must Be Ready To Verify Financial Information By Running The Store For A Couple Of Weeks.
Serious Buyers Can Call Broker For Further Information. Brokers/Agents, Please Do Not Call.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Amrit Sidhu, Broker at 510-681-5618 |
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