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North Las Vegas

  • Listing No.: 101-15614

  • Category: Convenience, Retail

Asking Price $175,000
Down Payment $0
Gross Revenue $491,230
Total Adjusted Net Income $24,466
Equipment / Fixtures $8,000
Year Established 2014
General Location North Las Vegas
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First time offered, General Merchandise Retail Store located in high traffic area with great street signage. Store stocked with varying types of inventory which appeals to the price point conscious consumer. $85,000 in inventory included in sales price. Shoppers have migrated from the large grocery chains for everything other than perishable items like milk, meat and eggs. General merchandise stores sit in prime position to provide great everyday items such as national brand cleaning products such as bathroom and kitchen cleaners, personal grooming items like soap, hair products and many other personal items. In a recent supermarket news survey one respondent reported that "General merchandise stores are capturing paper products and cleaning products away from supermarkets, especially in small markets." Snack and food items are also extremely popular at the reduced price point. Balloons, toys, holiday decorations, reading glasses and other popular ancillary items are also a large factor in the popularity of this store. Revenue reported is conditional on new owner working the store as hands-on owner operator.

Gross Revenue $491,230 Listed Price $175,000
Total Income $24,466 Down Payment $0
Base Rent $5,000 Square Feet 5089.00
Total Rent $6,323 Lease Expiration 3/2024
Rent Deposit $5,000 Lease Options 1 / 5 year
Inventory $85,000 Leasehold Improvements $50,000
Equipment / Fixtures $8,000 Other Assets
Full-Time Employees 6.00 Training Period 14 business days
Part-Time Employees 0.00 Special License Required Business Lic.
Contract Staff 0.00 Reason for Selling Seller to pursue other business opportunities

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.