Established Grocery Store For Lease To Own

www.GlobalBX.com

Listing ID: 700169409

Listing Title: Established Grocery Store For Lease To Own

Quick Link: http://www.globalbx.com/listing.asp?bId=169409

Industry: Retail

Industry Segment: Convenience Stores Retail

Country: United States

State / Province: California

Area Northern California - Bay Area

City: Alameda

Asking Price Range: $250K - $500K

Gross Revenues: $1,680,000

Cash Flow: $314,880

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1935

Number of Employees: 1 - 3

Business Description:
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: ƒæ Lease the business for 1-3 years, till you can refinance the existing business loan to your name. ƒæ 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. ƒæ 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 ƒæ You are 100% in control of all business activities and all business licenses and building lease will be converted to your name ƒæ Current Business Value is $1,100,000 ƒæ 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!



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