$1,200,000
Asking Price
Address: Modesto,
Locations Available: Modesto: CA
Status: In Escrow
Posting ID: 288665
9/30/24
Details
Asking Price: $1,200,000
Land Area Call / Email
Zoning: Commercial - Store/Shop
Building Info
Building Size: 3,920 Sq.Ft
Typical Floor Size N/A
Building Height: N/A
Building Type: Retail Store
Parking: --
Year Built: 1971
Year Renovated: N/A
Description
Business Description:
* The business is a retail uniform apparel store for sale in Stanislaus County CA. The price includes real estate as well. Owner is willing to sell real property without the business and it can move business out at close of escrow if buyer wants.
* The store is located on a busy road and near the residential neighborhood of the town with ample parking area.
* Store Gross sales up to $607,092 annually with up to 58% profit margin, as per owner (broker did not verify).
* The ownership was established for a long time with real estate.
* Store size is 3,920 sq.ft. and lot size is around 11,081 sq.ft. (measurements are estimated from third-party sources).
* The store sells name-brand and self-made clothes for work especially medical jobs and related uniforms.
* The business has two full-time and one part-time employee.
* Real Property for $1,200,000 and Business price is $300,000 plus Inventory.
* Buyer need at least $380,000 as down payment for an commercial/SBA loan to work.
* Inventory (estimated $200k) is not included in the sale price and sold separately.
BUYER NEEDS TO SEND PROOF OF FUNDS TO nirvail@westernsingh.com AND THEN SIGN NDA FIRST BEFORE BUSINESS LOCATION CAN BE PROVIDED.
DISCLAIMER: Any information provided is confidential and intended for the exclusive use of the Buyer. Western Singh Brokers is a business intermediary and receives information from Buyers and Sellers. Broker or its agent(s) are NOT legal or tax professionals and they cannot advise on these matters. Buyer should contact their attorney or CPA for any legal or tax advice. Buyer understands that Broker or its agent(s) does not audit or verify any and all above-mentioned information (not limited to sales, building size, lot size, margins, profits, cash flow) given to by Seller/Landlord or gathered by Broker or its agent(s) or make any warranty or representation as to its accuracy or completeness, nor in any way guarantee future business performance. In any and all sale/lease transactions of Business Opportunities and/or real estate, Broker are and will be Seller's Exclusive Agent Only unless agreed in writing otherwise.
To get more information about this Retail Store - With Real Estate, Busy Road business for sale in Modesto please phone Nirvail Singh (Intermediary, Broker - BRE License #:01853125) at 209-740-7443 Cell and 209-740-7443 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #288665 on BizBen.com. In addition to phoning Nirvail Singh, make sure you email Nirvail Singh above to get more info about this Retail Store - With Real Estate, Busy Road, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01853125. Western Singh Business Brokers.
Contact
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