November 21, 2009
 
 
Convenience Store  •  $159,000

Location: Central Coast
Seller: Michael Floorman
Phone: 408-385-0412
 
 
About This Business
BizBen Ad #: 140277
Status: Available
Start Date: 9/15/09
Last Revised: 12/31/69
Location: Central Coast
County: Monterey
City: Monterey
Contact Information
Seller or Contact: Michael Floorman
Primary Phone: 408-385-0412
Alternate Phone: Not Provided
Email: elaine@business-team.com
 
 
Financial Information
Asking Price: $159,000
Down Payment: $75,000
Annual Cash Flow: $39,000
Annual Revenue: $ 307,30
Detailed Information
Franchise: No
Relocatable: No
Home Based: No
Real Estate Included: No
Broker To Broker Cooperation: Yes
 
 
Business Summary
Here Is A Handy Convenience Store/Mart On One Of The Busiest Streets In Monterey. The Store Is Like An Oasis- Thus Its Name Meaning "A Person Who Lives A Stress-Free Life." The Business Carries Wine & Beer;the Usual Chips And Snack Foods; And The Best Tasting Coffee Around. This Lucky Store Had A 35 Million Lottery Winner. Within The Last 2 Years, The Store Has Been Updated With Contemporary Wood Gondola Shelving, Wall Paneling, And A Coffee Bar. The Business Is Family-Operated. A New Owner Could Add Check Cashing, Money Orders, And Tourist Items. The 199,000 Purchase Price Includes 159,000 For The Business And 40,000 Of Wholesale Inventory.

Seller Will Consider Financing With 75,000, At 7% Interest, Amortized For 7 Years, With A Balloon Payment At The End Of 3 Years. Buyer Is To Pay Cash For The Inventory At Cost.