Profile: This Operation Has Been Run Absentee Since The Seller's Husband Passed Away.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Chris Mok, Agent
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| Primary Phone: |
408-350-3020 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
11/11/09 |
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| Date Last Revised: |
11/11/09 |
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| BizBen Ad #: |
149659 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,420,000 |
| Down Payment: |
Call |
| Annual Revenue: |
$2,100,000 |
| Annual Adjusted Net: |
$300,000 |
| Price Range: |
$1 Million to $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
Yes |
| Bkr To Bkr Coop: |
Call |
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Description:
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High Volume Grocery Store Operation. Operations Include Selling Produce, Beer & Wine, Cooked Food, Lotto, And Check Cashing. This Operation Has Been Run Absentee Since The Seller's Husband Passed Away Two Years Ago. This Fantastic Cash Business Is An Accountants Dream, Turning Over Their Inventory Every Two Weeks! This Unique Opportunity Includes The Real Estate. Why Make A Landlord Wealthy When You Can Accumulate Wealth For Yourself Instead? This Is Also Eligible For A Long Term SBA Loan, Since It Includes The Real Estate. A Blended Rate Would Require 15% With An Amortization Period Of 20 Years. Typical Rates Are Prime Plus 2.5% Interest Which At Current Rates Would Be Only 5.5%! Consult Your Lender Or Broker For Details. Every Lender Has Their Own Loan Perameters Irregardless Of The SBA Guidelines.
It Should Be Noted That The Cash Flow Has Been Computed From The Most Recent Reported Tax Return. This Is A Cash Business. The Company Has Recently Added Wire Transfer Services Which Gives This Business A Unique Competitive Advantage In Addition To Other Competitive Advantages.
If You Are Looking For A Long Established Business, In A Safe Area With An Outstanding Cash Flow, Then Look No Further!
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Chris Mok, Agent at 408-350-3020 |
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