C Store In Outstanding Downtown Kirkland Location For Sale

Business description

This charming and efficient business has an outstanding location in downtown Kirkland with high visibility and great foot traffic. The store just opened in Nov 2007 and the absentee owner has done no promotion or marketing. The Seller is moving to Hawaii and must sell ASAP. The store offers beer/wine, cigarettes, ice cream, Lotto & Scratch, and sundries. The new owner needs to add hot food, sandwiches, espresso, and additional sundries for the summer. There are 7 parking spaces for the business and this is rare in downtown Kirkland. Take advantage of the huge summer crowds in Kirkland and buy now. This could be areal money maker for an owner operator.

Property information

Real Estate:

Lease

Lease terms:

The business occupies 775 sq ft and has parking for 7 cars (rare in Kirkland). The base monthly rent is $2,800 plus NNN charges of $674. The current lease runs till 12/31/2009 and the Landlord will extend it for a qualified Buyer.

Leasehold rent:

$41,688 per annum

Location:

This charming and efficient business has an outstanding location in downtown Kirkland with high visibility and great foot traffic.

Premises details:

The business occupies 775 sq ft and has parking for 7 cars (rare in Kirkland). The base monthly rent is $2,800 plus NNN charges of $674. The current lease runs till 12/31/2009 and the Landlord will extend it for a qualified Buyer.

Size in square feet:

775

Other information

Expansion potential:

The current owner has never operated this store and has done no promotion or marketing. The new owner should add hot food, sandwiches, and espresso. The new owner could easily add additional sundry items for the summer. This could be a real money maker for an owner operator.

Competition / Market:

There are several other small C-Stores in downtown Kirkland but this one has the best visibility, the highest foot traffic count, the best selection of items.

Support & training:

The Seller will provide one week of on site training on the day to day operation of the business.

Trading hours:

8 AM - 10 PM (Mon - Sun)

Financing available:

Cash or Bank Financing

Furniture / Fixtures value:

$35,000 (included in the asking price)

Inventory / Stock value:

$15,000