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High-Volume Grocery Store and Gas Station Property 1 Hour from Memphis, TN! for sale in MS

Mississippi (MS)

Asking Price: Gross: Cash Flow:
$ 999,000 Undisclosed Undisclosed

Real Estate:
(included in the asking price)

Business Summary:
Bank financing available for only 10% down payment for the right buyer! Buyer must be SBA-eligible. Down payment would only be $130,000 for property, business, inventory, and closing costs!High Volume Grocery Store and Gas Station generating over $80,000 Inside Sales and over 30,000 gallons sold per month! 13 cents average margin per gallon! The Seller is generating a net profit of over $16,300 per month after paying all expenses and over $12,000 in payroll! Owner-operator can increase sales and lower payroll! Mortgage payment with 20% down will be no more than $6,500 per month! Net Profit after mortgage and $12,000 payroll will be $10,000 per month!Currently, Seller has closed the deli due to the coronavirus. His payroll is currently $9,000 monthly, which is $3,000 less than his payroll with deli operations. Because the deli generated about $3,000 in sales, he is not losing money since he is saving more in expenses versus lost revenue.Property is One Hour East of Memphis, TN in Mississippi! The State just started lottery and the Seller has applied for the lottery license!Seller is offering both business-only and with the property! Partial inventory Financing Available for the Right Buyer!Seller is asking only $999,000 + inventory for Business and Property! Buyer with sufficient credit can secure the Property for only 10% down payment! Mortgage Payment will be less than the rent he is asking at only $6,500 per month!Store is 11,000 sq.ft! Seller just opened the store in June 2019.Brand New, State-of-the-Art Store with new equipment, pumps, and canopy! Includes 28-door walk-in freezer and several reach-in and walk-in coolers all throughout the store!Store is currently a Dry Store. County is planning to start selling beer by the end of this year.Jobber is Deez Oil with 12 years remaining on the contract. Jobber maintains pumps and canopy! Contract is 50/50 commission split. No jobber deposit required!Customers come from surrounding cities! The store will start delivery of groceries within a couple of weeks. Less than a mile away from the high school and police department.Asking Price for the Property is $999,000 + inventory. Inventory is approximately $250,000. Partial inventory financing available for the right buyer!Asking Price for Business-only is $129,000 + inventory. Rent is $8,000 NNN with a 15-year lease available! Seller is willing to do partial inventory financing for the right buyer and offer!If interested, please email your full name and best contact number to [email protected]

 

   
Facilities / Terms of Lease: Asking Price for Business-only is $129,000 + inventory. Rent is $8,000 NNN with a 15-year lease available! Seller is willing to finance inventory for the right buyer and offer!  
   
Owner willing to train: Yes  
   
Seller Reference Number: Walnut999k
BusinessMart.com Listing Number: 252984
 

 

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For more info contact:

Kavita Purohit

River Brokers
7706649999

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