Lease-Purchase for Bar & C-Store $10K Monthly Lotto Comm TN-AL Border!
RestaurantsFor Sale in Loretto, TN
Financial & Assets Details
About the Business
Please do not speak to employees because they are unaware the store is for sale!
Lease-Purchase Available for the Property for only $399,000 + inventory!
Seller's Net Profit is over $26,000 per month after paying $10,000 in monthly Payroll! After paying a 30% downpayment (approximately $321,000), Buyer's Net Profit after Mortgage will still be over $250,000 per year!
Huge Lottery Commission at $10,000 per month! Store is located at the border of Alabama and Tennessee on the Tennessee-side and all the Alabama customers travel to Tennesee to play lottery!
Restaurant/Bar sales are $36,000 monthly! C-Store sales are $31,000 monthly with high margins! Lottery commission is $10,000 per month! Quarter Machine Commission is $1,300 per month!
Building is Newly Built!
30 mins from Florence, AL & Lawrenceburg, TN! 1 and a half hours from Huntsville, AL! Less than 2 hours from Nashville, TN!
Asking Price for the Business and Property is $1,099,000 + Inventory! Inventory is approximately $40,000 at cost.
The Seller is willing to lease purchase the property for $399,000 + inventory down, 25-year amortization, and 7% interest rate. Based on those terms and asking price of $1,099,000 + inventory, your mortgage payment to him will be only $4,947.45! Your Take-Home After Mortgage will be more than $20,000 per month!
You will have 3 years from the closing date to go to the bank for the remaining balance. 3 years is typical since you just need 2 years of strong tax returns for the bank to give the loan. However, the seller agreed to accept $150,000 to extend the property purchase option for an additional 7 years thereafter to finance you.
If interested, please email your full name and best contact number to firstname.lastname@example.org