Business Summary:
This is a very thriving business. For the past three years the business has increased in sales each year. The grocery store is well stocked and also carries a variety of hot foods, beverages, Fountain sodas and much more. The pizza parlor is doing very well and has also shown an increase in sales each year over the previous year. The seating capacity is 60.
This business is situated on a corner lot with excellent exposure. It is on a heavily traveled highway in route to a popular Oregon Coast destination. This small town location has schools, a bank, restaurants, hardware store and other small businesses.
This business is offered with real property or without (leased). See below for details.
WITH REAL PROPERTY: Total asking price is $750,000 plus inventory in cash at closing. Inventory to be calculated at retail less 30% and is estimated to be between $30,000 to $35,000. It requires a down payment of $350,000 plus inventory with the balance payable in equal monthly installments of $4,113.00 including 7% interest (twelve years).
BUSINESS ONLY: Asking price is $350,000 plus inventory. It requires $150,000 down plus inventory in cash at closing. Balance is payable in equal monthly installments of $1,797.00 including 7% per annum. LEASE: This is a triple net lease. Lease to be for 10 years with one five year option to renew. There will be an annual increase of 3%. The lease will start at $3,000.00 monthly.
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