Description

Financial Information.
Asking Price: $3,265,000
Gross Income: $5,218,000
Cash Flow: Not Disclosed
EBITDA: Not Disclosed
Furniture, Fixtures & Equipment: $450,000 (Included in Asking Price)
Inventory: $340,000 (Included in Asking Price)
Real Estate: (Included in Asking Price)

Summary
Three established convenience stores in good/great locations with very high traffic.  First has new and growing liquor store. Second has car wash and sit down quick order food operation with loyal following.  Third on major highway artery at intersection that also serves large lake marine residences and second homes.  Price includes all furniture, fixtures, equipment and inventory of all stores, including liquor.  Owner will consider sale leaseback of liquor store.

General Information Category: Retail
Year Established: 1985
Employees: 9
Facilities: Bedroom and 2nd home communities for 2 locations, 3rd on town's highest traffic highway.  The square footage for the three stores is 8390 sq. ft. + add'l 7110 sq. ft. commercial space at one store that is rented to good tenant.
Competition: None at one and heavy competition at the other two but heavy 4 lane highway traffic on two of three. 
Growth/Expansion: Good. Even better when nearby freeway interchange and new high school complete late 2016.
Financing: Bank & Buyer Cash.
Support/Training: Yes, for both locations.
Reason for Selling: Retirement.

Posted Mar 1, 2016

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