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Santa Barbara County, California
$1,350,000
Property Details
Property Description
MONTHLY GROSS: $78,000
SIZE: 3,500 SF.
OPEN HOURS: 7:30AM-9PM
EMPLOYEES: 1 FT, 1 PT.
WAGE: $6,000/MO.
REASON FOR SELLING: DUE TO HEALTH AND LONG COMMUTE.
EXTRA INCOME: CHECK CASH $2,500, LOTTERY $800, ATM $400.
NOTE: ASKING PRICE INCLUDES THE MARKET, COIN LAUNDRY
AND THE PROPERTY. 3 OTHER TENANTS PAY RENT.
ANTIQUE STORE: $450/MO.
POST OFFICE: $800/MO.
WATER DISTRICT: $300/MO.
RESTAURANT: OWNER OPERATED.
SAME OWNER SINCE 2004. TYPE 21 LIQUOR LICENSE.
NO COMPETITION. THIS IS THE ONLY STORE WITHIN 50 MILES.
SMALL TOWN WITH AROUND 1,000 POPULATION.
CUSTOMERS ARE 60% LOCAL AND 40% TOURISTS.
43% PROFIT MARGIN.
NET INCOME: $22,000/MO. (Before Mortgage)
ASKING PRICE: $1,350,000+INV. (Includes Property)
Location
Santa Barbara County, California
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