West Michigan Hometown Retail For Sale

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30576780
Property Subtypes: Retail Stores
Building Size (RSF): 4,100 SF
Sale Price: $399,900
Year Business Established: 2012
Gross Revenue: $400,000 (Annual)
Cash Flow: $25,000 (Annual)
Living Accomodations: Yes
Last Updated: 9/3/2020

Overview / Comments

Great opportunity to own this well-established West Michigan hometown retail operation that offers potential for business expansion via additional services and/or product diversification. Completely renovated real estate is included, and features a 4100 SF building with 2800 SF of retail space on the main-level and 1300 SF upper level two-bedroom apartment. Owner’s recent strategy is to lease apartment as a short-term rental via VRBO to increase return. Retiring owner is available for support and training as needed, and is willing to carry a meaningful seller note for qualified buyer.

Additional Details

Industry Segment: Convenience Stores
Reason for Selling: Family obligation
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $25,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $300,000
Employee/Labor Description: Owner-run and managed with three employees
Mgmt/Training Support Description: Support and training are available on-site or via phone, as needed.
Competition/Market Description: There is little to no competition in nearby vicinity.
Growth/Expansion Opportunities: Room for growth via additional services and/or product diversification.
Seller Financing Description: Owner is willing to carry a meaningful seller note to a qualified buyer.

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031

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