Party Store, Land and Residential Home

Wayne County, MI
listing image
Asking Price:$300,000
Gross Revenue:$316,000
EBITDA:$120,309
Real Estate:$350,000
Cash Flow:$156,000
Inventory:$150,000
FF&E:$75,000
Established Year:1995
BUSINESS DESCRIPTION

Established profitable business, make money right away.

The opportunity is already producing a fairly large income, and it can grow with the right new owner.
Basic Party/Liquor store near fun in the sun parks and recreations in Wayne County, and lots of residents. Listing agent talked with owner and asked why his store stands out above the rest, he said: my store has everything a major grocery store has: breakfast, lunch, and dinner, baby diapers, toiletries, and more. If you are a buyer looking for a profitable business with growth potential, look no further. The new buyer will be making money from the start because it’s been a neighborhood establishment for many years. The new owner can make use of the undeveloped land in several ways. Such as, expanding the store to add more groceries, produce, meat market, and by adding more residential housing. The list price includes a profitable party store and FF & E, only. The asking price for the 2 acres, commercial building, and a single family home is additional $350,000. and a single family home. Seller is willing to finance, with terms and agreements.


DETAILED INFORMATION
Location
Wayne County, MI
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
2,000
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Land has 2 buildings. Lot sq. ft. = 89,000+ Commercial building built in 1966, 2,000sq.ft. The building has several improvements that the new buyer will discover. There is a 2-story residential house with 2 car garage included with the real estate purchase. This is a good opportunity to add to the new owner cash flow. The residential house is ocuppied with a good paying tenant. Contact broker for asking price of real estate.
Competition
There are a few markets and party stores in the area that don't necessarily affect this business. Each business has its established clientele. The opportunity is already producing a fairly large income, and it can grow with the right new owner.
Growth & Expansion
There's always room for growth in an area that is growing. Growth can be accomplished by growing the selections in the store, adding prepared foods or a restaurant. The land can be developed to add residential or commercial buildings.
Financing
Seller Financing is NOT available.
Support & Training
2 weeks
Reason for Selling
relocating
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Timothy
Rice
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Timothy Rice