Indoor Mini Mall With Property For Sale
Location California,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $1100000
Net Profit / Cash Flow $630000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2001
Number of Employees 1 - 3
Inventory 350000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Yes.
Description The business consists of a convenience store, with liquor license and a taco restaurant. Also, included in the sale is rental income from 18 other retail units under the same roof.
The property was recently remodeled to house all 20 retail business operations. The owner is leasing the taco restaurant to the operator and manages the grocery and liquor store. The tenants for the other 18 retail units have signed Letters of Intent to Lease. The owner is waiting for the city to approve the improvements. Approval is expected by 8-7-09 after which the tenants can enter into their leases and occupy their assigned spaces (all of which have metal roll up doors).
The property for sale has been appraised for $4.4 million. The grocery-liquor store's sales are approximately $90,000 per month. The taco restaurant is leased out at $5,000 per month. Total rents are estimated to be approximately $37,000 per month.
Owner financing is available, with flexible terms. Will accept best offer.
Click Here To Contact Seller
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