19-High profit convenience store for sale!!—SOLD
PRICE FOR PROPERTY IS ONLY $249K & THE CONVENIENCE STORE IS ONLY $149K SELLER WILL HOLD A NOTE FOR $100K. PROPERTY IS 6,000 SQ FEET WITH 2 RENTED APARTMENTS ABOVE THE STORE & RENTED AT $1,000 A MONTH EACH.SELLER WILL ALSO FINANCE THE INVENTORY FOR 1 YEAR. INVENTORY IS NOT INCLUDED IN THE PRICE. OTHER INCOME IS FOR $24,000 FOR RENT AND $24,000 FOR LOTTO.PROPERTY TAXES ARE $4,500 A YEAR. BUY A BUILDING AND A CONVENIENCE STORE FOR ONLY $298,000 DOWN. DUE DILIGENCE WILL CONSIST OF 2 WEEKS ON PREMISES.
| Data Source | Owner to Prove | ||||
| Year (Cash Flow) | 2008 (N) | (N) | (N) | ||
| Gross Revenue | 540,000 | 0 | 0 | ||
| Cost of Goods | 351,000 | 0 | 0 | ||
| Gross Profit | 189,000 | 0 | 0 | ||
| Expenses | 87,000 | 0 | 0 | ||
| Net | 102,000 | 0 | 0 | ||
| Owner Salary | 0 | 0 | 0 | ||
| Benefits | 0 | 0 | 0 | ||
| Interest Expense | 0 | 0 | 0 | ||
| Depreciation | 0 | 0 | 0 | ||
| Other | 24,000 | 0 | 0 | ||
| Owner Benefit | 126,000 | 0 | 0 |
Selling Price: $390,000
For more information, contact UR-COUSIN Emile Farah at the following: 305-754-1000 or send an e-mail to farah@farahreacquistions.com
