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Description
The Verde Lea Market has been a popular deli, grill and convenience store since 1946. It is located along the tourist route into Old Town Cottonwood. They have a #10 takeout liquor license. The owners have owned the business for 16 years. They gross about $1 million per year and net about $120,000 plus benefits. The business is mostly takeout with some indoor dining. There is no wait staff. Potential expansion might include adding a drive-in window. The owners each work some part time hours. A buyer can buy the business alone for $295,000 cash and lease the building for $3000/month (just 77 cents psf) with an option to buy the real estate. Or a buyer can buy it all now for $695,000. The owners would also carry with $295,000 down and the balance over 20 years @ 6.5% with a 15 year balloon.
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Courtesy of: Sound Investments IDX information provided by the Sedona Verde Valley Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 7th July, 2022 1:53 AM (UTC)
