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Established Grocery Store For Lease To Own
Location: United States -> California -> Northern California - Bay Area -> Alameda
Industry: Retail > Convenience Stores Retail




Business Summary

Do you want to buy a Million Dollar business but don't have the credit or collateral required to get financing?

Then this is ''THE'' once in a lifetime opportunity to own a established and profitable business!

This is a Established Grocery Store being offered as lease to own. No need for bank loans or additional capital.

Qualified buyer/s must be able to show proof of $600,000 capital injection.

The lease to own terms will include all business assets and liabilities and almost 300,000 in inventory. That means you're only paying 300,000 for a million dollar business!

Total Revenues - $1,680,000
Total Expenses - $324,000
Total Cashflow - $314,880 - Does not include Debt Service and taxes

Lease terms:

ľ Lease the business for 1-3 years, till you can refinance the existing business loan to your name.

ľ This lease is designed to get you in the business without the worry of securing bank loans which is virtually non-existing in this market.

„« Current business financials can easily secure a new loan with qualified buyer if credit and collateral can be approved.

„« Waiting three years will further reduce the outstanding loan and will make it that much easier to get new loan and further reduce your monthly loan payment.

ľ During the lease term, you simply pay the existing bank loan

„« Current outstanding loan balance is $730,000 with monthly principle and interest payment of $10,310

„« Each payment will increase your equity and decrease the loan principle by $6000

ľ You are 100% in control of all business activities and all business licenses and building lease will be converted to your name

ľ Current Business Value is $1,100,000

ľ Required down payment to obtain lease is $400,000 + $200,000 for Inventory

Please contact Manny at (510) 207 - 6909 for serious inquiries and interests!


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,680,000
Cash Flow:   $314,880
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1935
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Available.
Reason For Selling:  Other business interest.




Print Listing Id: 700169409
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Related Searches: Catalog and Mail Order Retail  >  Clothing and Footwear Retail  >  Computers and Electronic Equipment Retail  >  Convenience Stores Retail  >  Florist Retail  >  Health and Beauty Supplies Retail  >  Home and Garden Retail  >  Movie Rental  >  Wedding and Formal Rental  >  Other Retail  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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