CONVENIENCE AND VARIETY STORE

Retail-Commercial for Sale
Catylist Listing ID: 30210051
Property Subtypes: Convenience Store, Retail-Pad, Street Retail
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Sale Price: $125,000
Unit Price: $41.67 PSF
Property Use Type: Business
Building Name: HIP HOP FASHIONS
Sale Terms: Cash to Seller
Last Updated: 12/17/2018

Overview / Comments

PRICED TO SELL.
MOTIVATED SELLER.

BUSINESS ONLY SALE.
INVENTORY SOLD SEPARATELY.

HIGH VOLUME CONVENIENCE AND VARIETY STORE. VERY TRENDY FASHION STORE WITH HIGH PROFIT MARGIN. IT IS A STORE WITHIN A STORE WITH C-ITEMS AND CELL PHONE STORE. HIGH DEMAND FOR LOTTERY AND LOTTO MACHINES. GREAT POTENTIAL TO INCREASE SALES BY ADDING 1) BILL PAY MACHINE 2) WESTERN UNION AND MONEY GRAM 3) LOTTERY AND LOTTO MACHINES.
4) CASH GOVT. CHECKS ONLY 5) CELL PHONE REPAIR SHOP.

MONTHLY ESTIMATED SALES $60,000 DOLLARS. MARGIN 30%
MONTHLY RENT : $1500 DOLLARS
PAYROLL : $10,000 DOLLARS INCLUDES OWNERS DRAW/MONTH
OTHER EXPENSES : $2000 DOLLARS/MONTH
ADDITIONAL INCOME :
1) ATM INCOME : $ 150 DOLLARS/MONTH
2) CELL PHONE COMMISSION: $850 DOLLARS/MONTH
3) CELL PHONE ACTIVATION: $1000 DOLLARS/MONTH

GOOD POSITIVE CASH FLOW EVERY MONTH.
GREAT POTENTIAL TO INCREASE FUTURE BUSINESS.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: 11TH STREET
Airports: CHICAGO --ROCKFORD AIRPORT
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Parking Type: Surface
Parking Description: SHOPPING CENTER PARKING
Heat Type: Electricity, Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,889 76,158 147,815
Median Age: 35.43 34.62 36.41
Households: 2,676 30,114 57,587
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