Detail

update dateMay 14, 2021 publish DateMay 14, 2021 Total views 46
  • Type: Retail
  • Status: Active
  • Listing ID:6786
  • Financing: Bank Financing
    • Description

      Do Not Speak to Employees! Employees are unaware that the store is for sale and the seller will not do a deal with you if you speak to employees.

      Sales are average $258,000 per month! Seller’s Net Profit AFTER paying $6,000 in Employee’s Payroll and $9,000 in Owner’s Payroll is $25,000 in Store Net Profit!

      Seller’s Take Home is $34,000 Including Payroll!

      Buyer with sufficient credit and financials can procure a business-only loan with 40% down (approximately $320,000)! Loan payment will be approximately $5,000 per month for a 10-year term. That still leaves the Buyer’s Net Profit After Loan Payment at $20,000 per month!

      Currently the seller does not have lottery nor beer because of religious reasons. New buyer can secure lottery and beer license to substantially increase sales!

      Only drive-thru tobacco store within a 30-mile radius! Store is only open 12 hours a day!

      Rent is only $2,500 NNN with a 10-year lease remaining!

      Average Daily Traffic Count is about 24,000!

      A mile from Roanoke College total students enrolled is about 2,000. 5 mins from Salem Civic Center (6,820-seat multi-purpose arena in Salem, Virginia); Moyer Sports Complex; US Foods employs about 150 employees; Oak Hall Industries (Textile Mill employs about 375 employees); Yokohama Tire Manufacturing (1,285 employees); Quailchem employs about 52 employees (develops and manufactures metalworking fluids and water treatment chemicals) and many more factories and manufacturing companies.

      Asking price is $499,000 + inventory. Inventory is about $300,000 at cost. Bank Financing available for the right buyer at 40% down (approximately $320,000).

      Do Not Speak to Employees! Employees are unaware that the store is for sale and the seller will not do a deal with you if you speak to employees.

      If interested, please give us a call anytime at (770) 415-9940 or email your full name and best contact number to info@riverbrokers.com

      Highlights

      .Only drive-thru tobacco store within a 30-mile radius! Store is only open 12 hours a day!

      Financial Details

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