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Two Properties for only $75,000 down payment in Benoit, MS!

Listing was updated at: 08/02/2019
Two Properties for only $75,000 down payment in Benoit, MS!

Property Overview

Price/Rent PSF $ 649,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 08/02/2019
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Description

$70,000 Inside Sales Gas Station currently in operation. Purchase Price also includes a second shutdown convenience store with property! Two Properties in Mississippi for only $75,000 down payment just Two Hours from Memphis! Bank has already prequalified the loan for only $75,000 Down Payment for Both Properties! Asking Price only $649,000 + inventory! Net Profit last year was approximately $140,000! After paying the mortgage payment and payroll, Buyer can take home $80,000 per year! Owner-Operator can take home $130,000 per year! Make back your down payment in less than a year! Inside Sales are $70,000 per month! Deli, wings, and Hunt Brother's Pizza currently do $12,000 high margin sales per month! Gas sales are 20,000 gallons with 15 cents and diesel at 40 cents per gallon! ATM commission is $800 per month. Huge customer demand for deli expansion! Seller closes the store at 8pm everyday! Huge potential by extending the hours! Mississippi will implement lottery this December! MegaMillions and Powerball will start in 2020! Huge Potential for Growth as the gas station will be one of the only locations in the area for local customers to purchase lottery! The second convenience store property is shutdown because it was the only competition for the gas station. Seller bought them out and shutdown the business. There is a huge demand for cold-cut sandwiches. The building is a good opportunity to start a laundromat or a restaurant and deli using a food truck as a kitchen. 2 years remaining on the jobber contract. Jobber owns pumps, tanks, and canopy. In 2 years, buyer can choose to renew the jobber contract or shop for other jobbers and the new jobber will purchase the old jobber’s equipment. Sellers have operated the business for the past 7 years! They are selling the properties to move closer to family in TN. No store within a 40 miles radius! Two Hours from Memphis, TN! Walking distance to the school. Surrounded by commercial businesses and residential homes. Lake tourism in the area near the Arkansas-Mississippi border. Asking Price: $649,000 + inventory! Bank financing available for only $75,000 Down Payment! Break-even in less than a year!

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