Strip Shopping Center
Location Louisiana,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $700000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1976
Number of Employees 1 - 3
Inventory 280000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Available.
Reason for Sale Retirement.
Description Very well established strip shopping center for sale has been in operation for about 33 years. Shopping center has a large base of loyal repeat customers in the community in which it is located. Shopping center currently has a convenience store and small restaurant in operation. Restaurant serves chicken, boudin balls, jalapeno balls, corn dogs, and sliced pizza. Both restaurant and convenience store each have 3 video poker machines. Shopping center has a washateria with all equipment ready for operation which is not currently open for business. Building has 2 other spaces that could be leased out or used for restaurants. Both locations can each contain 3 video poker machines. Business is currently only open 6 days a week from 5 am - 7 pm. Opening on Sunday and increasing store hours would increase overall sales greatly. Business also has 4 gas pumps that sell about 10,000 gallons / month. Gas sales would increase if new owner dropped the price to be more competitive in the area. All FF&E is included in the sale.
Shopping center is located on a very high traffic 4 lane highway in a highly visible and accessible location. Highway is heavily traveled by both local residents and commuters. Business occupies a building of about 6,400 sq ft. A house of about 1,500 sq ft is optional for purchase. Real estate consisting of about 1/2 acre is included in the sale. Business is located in the Baton Rouge metro area. Location is a very few minutes and a very few miles from Baton Rouge, Louisiana, a major metropolitan city with all the amenities.
After 33 years of running this highly successful and widely know strip shopping center, seller is ready for retirement. Seller will train new owner on this very easy to own and operate business. Seller is open to substantive offers and will seriously consider and promptly respond to all reasonable offers.
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