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Harbakhsh Randhawa
Great West Property Group
Postings
Bakersfield, California
Convenience Store - With Real Estate
$ 895,000
For sale is a grocery store with a beer and wine license located in a free-standing building on busy street with high exposure in Bakersfield, California. Onsite parking spaces are available. There is lots of foot traffic. Commercial and residential neighborhoods surround the business. The store is still growing in sales and has lots of potential. In addition, the operation hours can be extended to have more profitability. SBA financing is possible. The monthly gross sales are $65,000-$70,000 at approximately a 35% profit margin plus $20,000 lotto/lottery sales at a 6% commission. Additional income from ATM is approximately $500/month. Expenses include utilities (PG&E, internet/phone, water, garbage) at approximately $1,700/month. Insurance is $470/month. The building is 2,300 sq ft. and the lot size is 8,659 sq ft. There is 1 employee and the owner works only on Saturdays. The hours are from 7:00 AM - 11 PM (Monday Thru Sunday). The asking price is $895,000 plus inventory.