23-Selling convenience store in Miami, Florida—SOLD
Current sales of $80,000/month at 25% gross profit. Store is employee operated as owner spends less that 8 hours per week in store. Lottery income is approx $2,250 per month and other income near $1,300/month (money orders, etc). Store has great pizza and coffee offering. Potential to add check cashing with owner/operator. P & L reflects owner/operator working 40 hours a week and other income is from lottery, rebates, money orders, etc.
| Data Source | Owner to Prove | ||||
| Year (Cash Flow) | 2009 (N) | (N) | (N) | ||
| Gross Revenue | 960,000 | 0 | 0 | ||
| Cost of Goods | 720,000 | 0 | 0 | ||
| Gross Profit | 240,000 | 0 | 0 | ||
| Expenses | 155,820 | 0 | 0 | ||
| Net | 84,180 | 0 | 0 | ||
| Owner Salary | 0 | 0 | 0 | ||
| Benefits | 0 | 0 | 0 | ||
| Interest Expense | 0 | 0 | 0 | ||
| Depreciation | 0 | 0 | 0 | ||
| Other | 42,600 | 0 | 0 | ||
| Owner Benefit | 126,780 | 0 | 0 |
Asking price: $165,000
For more information, contact UR-COUSIN Emile Farah at the following: 305-754-1000 or send an e-mail to farah@farahreacquisitions.com
