Richardson, Texas
Dallas County
Listing Type: For Sale By Broker
Category: Food & Beverage: Conv & Food Stores
MLS #: DB264702
| Description: |
| Well established and highly profitable grocery store and convenience store that specializes in international foods. This business has won numerous awards by local newspaper on food quality, presentation, freshness, and value. Business recently added beer and wine sales which will add $500K to annual revenues. Business has complied a impressive growth rate in the past two years, with 88% growth 2006-2007, and 40% growth from 2007-2008. This business opportunity offers excellent growth and expansion possibilities for buyer. The business has also been pre-qualified for some excellent SBA financing at 85% or $852,400; loan terms provide for up to $75K in operating capital. Sellers are motivated to cash out the business and are willing to be as creative as necessary to accomplish that goal. Options they are open to include: sell traditional beer/wine c-store separate (at $600K) from gift shop and grocery section. Sell business and continue as employees after the sale which will create a passive income stream/opportunity for savvy absentee-oriented buyers. Sell shares in business to investors and remain on as partners who will continue to run the business for a period of time This c-store also offers a lot of flexibility such as the gift shop could be converted additional c-store shelf space. |
| Pricing Information |
| Asking Price: |
$900,000 |
FF & E: |
$59,204 |
| Gross Revenue: |
$1,250,000 |
Lease/Rent: |
$0 |
| Cash Flow: |
$0 |
Inventory: |
$424,000 |
| Adjust Net Income: |
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Real Estate: |
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| Monthly Payroll: |
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| About The Business |
| Style: |
Information not available. |
|
|
| Year Established: |
1982 |
Lease/Rent: |
$0 |
| Full Time Employees: |
1 |
Part Time Employees: |
|
| Size (square feet): |
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Lot Size (acres): |
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| About The Sale |
| Reason for Selling: |
| retirement |
| Is Financing Available? |
|
| Is Owner Willing To Train/Assist New Owner? |
| one week |
| Is This a Home Based Business? |
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| Is This a Distressed Business or Bankruptcy Situation? |
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