Miami Convenience Store For Sale - Enormous Growth Opportunity
Miami, FL
| Asking Price: | $1,200,000 |
| Gross Revenue: | $1,518,000 |
| Rent: | $5,785/Month |
| FF&E: | $300,000 |
| Cash Flow: | $345,000 |
| Inventory: | $125,000 |
| EBITDA: | $345,000 |
| Established Year: | 2018 |
Listing ID: 2059482Listing provided by BizBuySell
BUSINESS DESCRIPTION
University cStore is located on the pedestrian level of the student housing 109 Tower (www.109tower.com) at Florida International University (FIU). University cStore is uniquely situated in the center of Miami's University City explosive growth story. University cStore began operations in the second quarter of 2018 providing a student-centric shopping experience designed to serve students first. Sales and net profit growth over the next several years will be significant as new student housing towers come on line at FIU's University City. For more detailed explanation, see attached University cStore Overview.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Miami, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,684
Lease Expiration
31/03/2033
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The 109 Tower commercial lease is below-market at $5,785 per month/ $69,420 per year, all-in including landlord's CAM costs, real estate taxes, insurance and Florida sales tax. No rent increase until after year 5 of the remaining 10-year lease period (maximum 3% per year). University cStore was a new build-out in 2018 with highest quality leasehold improvements, coolers, freezers, grease trap, etc. University cStore is powered by Square supporting growth in-store and online. University cStore brands and designs included.
Competition
University cStore is adjacent to Florida International University (“FIU”), a large public research university with its 342-acre Modesto Maidique main campus. FIU is the fifth-largest university in the United States with more than 56,000 students. The high-density student housing growth currently taking place around University cStore is staggering. University cStore is in a high-cost barrier-to-entry market and it's growth is fueled by a captive student market. COMPETITION is LIMITED. See University cStore Market and Business Overview attached.
Growth & Expansion
To accommodate FIU’s housing shortage, FIU and the adjacent City of Sweetwater are partnering on a large-scale development called “University City.” They are bringing in world-class residential and student housing developers building large high-density luxury student housing. This huge level of development is shaping one the largest transformations in Miami's 21st century economy. University cStore is at the epicenter of this transformation right in the BULLSEYE of this explosive growth. See University cStore Market and Business Overview attached.
Support & Training
Seller will offer initial training and support and provide assistance during the transition period.
Reason for Selling
Seller develops Convenience Stores and Gas Station/Convenience Stores for sale.
BUSINESS LOCATION
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