Absentee-Owned, Hispanic Grocery Store in Metro-Atlanta!
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Listing was updated on: 05/03/2020
Property Overview
| Price/Rent PSF | $ 4,441.00 |
| Asset Type | Retail |
| Secondary Asset Type | Retail |
| Trade Type | Lease |
| SQ. FT. Available | 1 |
| Date Available | 03/14/2020 |
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Description
Absentee-Owned, Hispanic Grocery Store in Metro-Atlanta! High Monthly Sales at $72,000 per month! Seller used to do Money Transfers and generate $3,400 in commission per month! Seller is not running lottery, game machines, ATM, or money transfers because he does not trust his employees. Net profit is currently about $5,000 per month after paying $9,500 in payroll and all other expenses. Owner-operator can generate significantly more by adding lottery, game machines, money transfers, and ATM! 4,000 sqft store! Bakery equipment is available and Owner-Operator can start their own bakery or lease it out! Favorable store hours! Store is only open from 9AM to 9PM daily! Rent is $4,441 total! Total lease remaining is 3 ½ years + 5 years. Located in Kennesaw! 5 min walk to 252 apartment units all are fully leased. 20 mins from Kennesaw State University with 3,400 employees and 25,000 students. Total population within 5 miles is 130,000! Average Daily Car Count is 15,700! The business is located only a few miles away from a residential growth area with nearly 2,200 new homes sold within 5 miles in the last 5 years! Asking Price for Business-only: $249,000 + inventory! Inventory is approximately $75,000.
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