Popular Convenience Store in Cuyahoga County - 32502 Business Type: misc. retail/non-classifiable,other eating & drinking places,other food stores,convenience store
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $350,000 | Down Payment | $350,000 |
| Gross Revenues | $1,406,396 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $277,796 | Number of FT Employees | Register Free to View |
Financing
$350,000 Down and
Business Description
Owner and family has built and nurtured this business for the past 13 years and has made this one of the more successful convenience stores in the city. This convenience store is situated on a busy street in a busy working class community. Off street parking. Lots of development is occurring around this store. Owner able to prove all the financials and willing to allow a prospective buyer to come sit and monitor the business for a week to personally verify the numbers. Very strong financials with revenue exceeding 1.4 million. Lottery commission is approximately 36k per year. Plus income from ATM and hefty rebates from cigarette companies. Store sells Beer, Wine, Tobacco, Candy, Groceries and much more. There is a demand for cooked food which a new owner could greatly increase revenue if they offered. Store has over 50k in inventory which the owner is willing to finance. Also, the owner is willing to sell the property for an additional 300k. A must see. Call Gary Sardon at 216-375-7720 for additional information.
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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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