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 on his clothing import business.
- Asking Price:
- $165,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $296,814
- Cash Flow:
- $59,586
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Expires 10/31/2030
972 Sq FT
- Leasehold Rent:
-
$53,400 per annum
- Location:
-
Coral Gables, serving the Merrick Park community
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
Other business interest
- Trading hours:
-
6:30 AM to 11 PM / 7 days a week
- Employees:
- 2
- Years established:
- 4
Other Information
- Support & training:
-
3 weeks at no cost
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Furniture / Fixtures value:
- $22,000 - included in the asking price
- Inventory / Stock value:
- $12,500 - included in the asking price
