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: 1/20/2021

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.

View FullscreenMap

Demographic Statistics

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


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.