Price Reduced! Lease-Purchase Available! Absentee-Owned Grocery Store with Property and Duplex in Caraway, Arkansas!
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update dateMarch 17, 2023 publish DateFebruary 7, 2023 Total views 106Description
Price Reduced to $529,000 plus inventory!
Seller is willing to do a lease-purchase for the property for $125,000 plus inventory!
Sales are $71,000 per month! Net Profit is more than $10,500 per month AFTER paying all expenses including a payroll of $8,400 per month! Payroll is extremely high because Seller is Absentee! Huge Opportunity for an Owner-Operator to take over!
No Competition! The closest competition is over 15 min away from the store!
Building is 8,700 sq ft with a duplex included! Each unit is 1 bed and 1 bath.
Both units are currently being rented out for $1,100 total per month on month-to-month leases! Buyer can collect the rent or take over one or both units!
Property is 1.14 acres!
Huge demand for hot food in the area! Also a major opportunity to add gas pumps and significantly increase the business!
The store is very clean and a one-stop-shop for groceries and good quality food in the area! All equipment is in great condition!
Average traffic count of 1700 vehicles passing by the store each day!
Less than an hour from Memphis, TN! 30 minutes from Jonesboro, AR! Less than 30 minutes from Osceola, AR!
Asking Price for Business and Property is only $529,000 plus Inventory! Inventory is not included in the asking price. Inventory may be roughly $85,000 at cost but that is only a guesstimate.
Seller is willing to do a lease-purchase for the property for $125,000 plus inventory!
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Highlights
Financial Details
| Annual | Per SF | |
|---|---|---|
| Gross rental income: | $852,000 | $97.93 |
| Other Income: | ||
| Operating Expenses: | ||
| Property Taxes: | ||
| Total Expenses: | ||
| Net Operating Income: |
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