Profitable Convenience Store in Coral Gables

Beautiful convenience store in Coral Gables, serving the Merrick Park community that encompasses 120 luxury rental units spread across 6 stories and adjacent newer luxury rental and condo developments such as Avalon Merrick Park, a recently completed luxury apartment with 254 units and Cora Merrick Park, a newer upscale condo building with 74 premium residences. Also serving students and teachers of four elementary and middle schools surrounding its location. Very reasonable rent for the area and high income residents that focus more in convenience than price, make this store a sure income earner with already 4 years of developing a recurring clientele.Seller wants to focus fully in his clothing import business.

Down Payment: $140,000

Total Sales: $296,814

Cash Flow: $59,586

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $22,000

FFE Included: Yes

Inventory: $12,500

Inventory Included: Yes

Year Established: 2022

Days & Hours of Operation: 6:30 AM to 11 PM / 7 days a week

Owner Hours Per Week: 50

Non-Owner Payroll: N/A

Employees: 1

Managers: 1

Absentee Owner: No

Real Estate: N/A

Monthly Rent: $4,450

Type of Location: Retail Plaza

Square Footage: 972

Reason For Sale:

Other business interest

Training & Support:

3 weeks at no cost