Business Summary:
Location: Michigan > County > Sagnaw
Industry: Food and Beverage > Liquor Stores
Business Summary
Property Description:
Asking Price: $1,000,000 USD USA Dollars
Industry: Food & Beverage: Liquor Stores
Reason for Selling: Relocating
Year Established: 1998
# of Employees: 3
Yearly Revenues: $1,656,000
Yearly Cash Flow: $288,000
Yearly Net Profit: $288,000
Yearly Gross Income: $1,656,000
Monthly Payroll: $5,000
Overview:
4,000 square feet store, free stand alone building. 60 Cars parking lot, 2 acer land for future strip mall you can built. Store is located in between 60,000 population located major intersection. Sales break downs are:
Grocery $20,000 per month @30% mark up = $6,000;
Hard Liquor $25,000 per month @ 24% mark up = $6,000;
Beer $10,000 per month @ 16% mark up $ = $1,600;
Calling cards $1,500-$1,800 per week @ 10% = $780;
Check cashing $50,000 per week @2% =$4,333;
Lotto $946,000 per year@7.2% =$5,670.
Have another machine double the money. Low pay roll, low real estate taxes which is $4600/year, new brick building
Location Description:
Too See Picture click or copy paste this link in browser
http://picasaweb.google.com/tabinda.sahar/StorePicsSaginaw?authkey=EoiecCQVCDQ
BizQuest ID: 905886
Seller ID: 061808
Financials
Asking Price: $1,000,000
Gross Revenue: $1,656,000
Cash Flow: $100,000
Cash Flow Comments: Take home without working there
Inventory: $120,000 (Not Included in Asking Price)
FF&E: $150,000 (Included in Asking Price)
Real Estate: $750,000 (Included in Asking Price)
Seller Financing: No
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