Business Summary:
Independent C-Store with Slot Machines and NO Gas in Las Vegas. This 6-year old, 3,133 SF store is immaculate and very profitable. It is surrounded by a conglomerate of apartment complexes in the heart of one of the most densely populated blue-collar area, and is less than 2 miles from the Las Vegas Strip. There are no major grocery chain stores within walking distance. Formerly a bar, the building was renovated and converted to a C-store, by the Seller, 6 years ago; there is 246 S/F of expansion space and an existing 425 S/F unused kitchen, which currently used for storage. Note that this could only be permitted for take-out. The Seller, who plans to retire, owns the real property and will remain as Landlord.
Due to the highly ethnically-diverse population, this store stocks an unusually wide variety of items. Beer and wine sales account for 60% of annual non-gaming sales. Services include: key cutting, notary, money transfers, and electronic bill-paying. The owners of the business are highly involved in community activities.
Profit from the 7 slot machines more than pays for the rent; therefore, this business is able to generate pre-debt cash flow equal to 22% of sales. Call Len Krick, Broker, at 702.856.4701, for a valuation and detailed write-up.
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