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. |
Demographic Statistics
| Proximity: |
5 miles |
| Total Population: |
2,593 |
| Median Age: |
44.17 |
| Households: |
1,031 |
|
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