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No COAM Contract! Highly Profitable C-Store in GA!

Listing was updated at: 08/16/2019
No COAM Contract! Highly Profitable C-Store in GA!

Property Overview

Price/Rent PSF $ 349,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 07/24/2019
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Description

Down payment required only $85,000! Priced to sell at only $425,000 plus inventory. Seller willing to lease purchase for 20% down payment and the remaining amortized over 15 years at 7% APR. NO Bank loan needed!! Convenience Store on a corner lot with plenty of visibility and parking! The store has 4potential to do over $10,000 in just COAM for an Owner-Operator! Store has a Huge walk-in cooler and is beautifully laid out! High traffic/tourist area! Nearby popular boat landing, golf course, and an 800 acre wildlife preserve! Buyer can add fishing supplies to increase profitability! Apartment community within walking distance as well as another under construction nearby! Currently open for only 12 hours a day from 10am to 10pm. Lottery commission is over $3,000 a month and COAM commission is $2,000 per month strictly following the rules. Store recently installed a new ATM 2 months ago and does $90 in commission so far. Store is located in a huge middle-class residential area and has huge potential evident from the fact that the nearby competition is doing $125,000 in inside sales per store. High demand for pizza that Buyer can take advantage of! Very low overhead store! Store is currently operated by someone that is not willing to share the inside sales. The only verifiable numbers are lottery and COAM. The store has minimum fixed expenses listed below: Expenses: Electricity, Garbage, Water: $700 Phone, Cable, Internet: $70 Security system: $20 Insurance for Business and Property: $150 Property Tax: $125 If Buyer is interested in adding gas pumps then the Seller can help work out a deal. Asking Price is ONLY $349,000 + inventory! Down payment of only $70,000! Now available with No COAM Contract! Make an offer today!

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