Drive-through Neighborhood Market

San Bernardino County, CA

Seller Financing Available

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Asking Price:$249,000
Gross Revenue:$432,000
FF&E:$25,000
Cash Flow:$124,440
Inventory:$25,000
Established Year:1984
BUSINESS DESCRIPTION

This is a drive through convenience store, housed in one of the classic drive-thru dairy locations that were so popular in the 1970s. The store carries your typical product mix: beer and wine, soda and water, snacks and ice cream, as well as tobacco and lottery tickets. This particular market is one of those old-school, long established (40+ years!) neighborhood stores, surrounded on all sides by single family homes and apartment complexes. It is located on a major, well-traveled street in a safe area

The store is situated on a large parcel of land, with plenty of parking and two covered drive throughs (front and back!), great for doing business in the winter. This area is zoned residential, but this business has grandfathered zoning. It’s one of the few beer and wine stores able to serve this community! The store currently averages ~$36,000/mo. in revenue, with a 45% gross profit margin. Landlord will offer great starting lease terms of only $2.750 per month

The Seller owns multiple businesses and has neglected this market’s potential. He selected a less-than-capable manager who ran the store for several years, and the gross revenue dropped (substantially!) to its current level. So the Seller is once again operating the store, but has decided it’s time to sell so he can focus on his other businesses. This is a fantastic opportunity for a Buyer to buy at a discount to this store’s potential. First and foremost, stay open longer: Seller operates very short hours. Add more product: current owner stocks a limited product mix. Use your storefront to your advantage – give the building a fresh paint job, add brighter nighttime lighting, use rollout carts to display product to passerbys, and for gosh sakes, install street and monument signs where they used to be, so drivers can see the store!


DETAILED INFORMATION
Location
San Bernardino County, CA
Inventory
Not Included in asking price
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Landlord will give excellent starting lease terms of only $2,750 per month 2 Drive Thru covered areas with large walk-in cooler Well long established with a great track record of success Low-overhead with short hours
Competition
Very good location with easy in and out access on major highway No other competition nearby Surrounded by many single family homes and apartments New apartment units coming soon
Growth & Expansion
By adding more products this market can increase the sales
Financing
May carry a small note for qualified buyer
Support & Training
Owner will stay and train
Reason for Selling
Has a few other businesses no time for this one
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Tony
Magana
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Tony Magana