Grand Rapids Neighborhood Party Store

Undisclosed Address, Grand Rapids, MI 49507
Business Opportunity for Sale
Sale Pending
Catylist Listing ID: 30350881
Property Subtypes: Retail Stores
Status: Pending
Building Size (RSF): 2,763 SF
Sale Price: $259,900
Year Business Established: 1993
Gross Revenue: $452,568 (Annual)
Cash Flow: $1 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash to Seller
Last Updated: 2/12/2020

Overview / Comments

This established neighborhood party and convenience store is located in a largely
residential area. The sale includes the business as well as the real estate. Revenue
streams include alcohol, lottery, and groceries. The business assets include a
Michigan SDM license.

• Established in 1993
• Four hourly employees
• Street traffic: 12,479 vehicles per day
• Sale includes real estate. Store is on 0.07 acres.
• Dedicated parking is on 0.05 acres.
• Sale includes FF&E, which is fully depreciated

Additional Details

Industry Segment: Convenience Stores
Reason for Selling: Seller is pursuing retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $100,000
Employee/Labor Description: Four hourly employees
Mgmt/Training Support Description: Seller will provide training.
Competition/Market Description: Competition includes other neighborhood party stores. Nearest competitors are 0.8 miles away.
Growth/Expansion Opportunities: Growth opportunities include expanding hours of operation, adding an SDD license for liquor sales, and developing more of an online presence.
Seller Financing Description: N/A
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