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Agent Profile

Agent: Chris Adkins

Main Office: 713-680-1200

Direct Line:

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Listing Profile

C-Store w/Checking Cashing in Densely-Populated Houston Blue Collar Area For Sale

Listing #: 8084

Houston

Listing Profile
Business Classification:
C-Store, Gas Station, Grocery Store
Business Purchase Price:
$299,000
Working Capital:
$0
Real Estate Price:
$0
Total Purchase Investment:
$299,000
Down Payment Required:
$299,000
Gross Revenue:
$487,175
Discretionary Earnings:
$201,093
Imputed Rent:
$0
Total Cash Flow:
$0
Description and Operations
Business Description:

This well-established foodmart/convenience store has been operating profitably for multiple decades in a densely populated area of South Central Houston. Store sells food, groceries, lottery tickets, beer and wine. Current owner has been building and expanding this family owned business for 10 years. The business boasts a large dedicated customer base in both grocery sales and check cashing. The store is currently being run absentee by the owner who can no longer dedicate time and energy to growing and operating it. The store has a consistent cash flow from internal subleases to other small businesses that offer a variety of services and draw in an even larger customer base. Consistent revenues and earnings year over year. Sales price includes $30,000 of inventory. Priced for payout in less than two years! Buyer will need at approximately $120,000 in working capital to properly run the check cashing operations. Business is C-Store only, site does not have pumps for fuel.

Business Established Date:
1997
Reason for Sale:
Leaving country to tend to other businesses.
Full Time Employees:
1
Part Time Employees:
2
Facility Type:
2600sf faciity in shopping center
Monthly Rent
$2,000
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