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General Store Doing Good In The Neighborhood
Location Maryland,United States
Asking Price Range < $250K
Gross Revenues $434400
Net Profit / Cash Flow $106726
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2006
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description Popular urban general store is offered at discount for quick sale, with the entire inventory included, due to owners early retirement after a serious illness and hospital stay. This thriving discount store sells the residents in this city community all kinds of items for their daily needs at good prices, right near the places where they live. There are no mass merchandisers, supermarkets, or convenience stores nearby. Household personal incomes in the community are about 35 percent lower than the metro DC area average. The owners have served the community well over their six years running this large (5000 SF selling space) well lit (new energy efficient), well maintained (HVAC recently overhauled) and neatly arranged emporium. There is plenty of secure storage. Rent is low. Landlord will accommodate a new tenant with a new long term net lease. Three separate vendors of unrelated specialty items rent counter space which offsets the moderate occupancy cost. Other easy sources of income streams not established were in the works but owner has insufficient energy to follow through. MD Lottery would generate healthy commissions. Money Gram would serve the growing immigrant community desiring to send money to relatives back home. Expanding sales of food to 50 percent of the total would allow the store to accept Electronic Benefit Transfers (EBT) to better serve local residents who receive state food stamp and cash benefits. This business is a good fit for the community and serving it even better will bring greater profits to the new operator.
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