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Listing Broker Information
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Steve Zimmerman
Business Broker
Steve Zimmerman brings to his clients 30 years of wide ranging business experience that includes small business sales as well as mergers and acquisitions, finance, business development, sales and account management. His skills in project management, negotiations, presentations, and financial modeling help his clients evaluate business opportunities and buy or sell their business with confidence.
Prior to launching Intero Business Brokers, a division of Intero Real Estate Services, Steve had a successful corporate career that included activities in Mergers and Acquisitions of technology and service companies. He brings valuable experience in acquisition decision processes, due diligence, deal negotiations, and transaction execution and closing processes to his clients.
After completing undergraduate and graduate degrees in business Steve began a financial career in the high-tech business sector working for companies like Hewlett-Packard and Solectron Corporation. Specific areas of focus included: development and implementation of standardized cost and quotation models, generation of business plans, analysis of pricing, manufacturing cost, and portfolio profitability issues and all aspects of financial reporting.
Steve holds a BS in Finance from Colorado State University and an MBA from San Jose University. He is a member of the California Association of Business Brokers (CABB) and lives in Los Altos, California with his wife and their two children.
email:
zimmerman@interocommercial.com
phone: 408-342-3093 / DRE License #01376999
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 Contact Information |
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Listing Information |
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| Convenience Store |
| Listing ID: IBB151 |
Location: Mountain View |
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Brief:
Price Just Reduced! Profitable, Family-oriented Convenience Store in excellent Bay Area location!
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| Listed Price: |
$159,000 |
| Total Sales: |
$918,780.00 |
| Seller's Discretionary Earnings: |
$134,600.00 |
| Fixtures Furniture, & Equipment: |
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| Real Estate: |
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| Inventory: |
$60,000.00 |
| Financing / Terms: |
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Business Information |
| Year Established: |
1990 |
| Number of Employees: |
0 Full Time / 2 Part Time |
| Days and Hours of Operation: |
Mon-Sun: 7:00am-12:30am |
| Relocatable: |
No |
| Franchise Information: |
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| Facilities / Location: |
This 5200 square foot, convenience store has ample cold storage and freezer cases, large register/counter area, a small office and back room. It is located in a high-traffic strip center at a major intersection and is centrally located in close proximity to both housing and businesses. |
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Lease Information |
| Lease Expiration Date: |
2/28/2011 |
| Option: |
2-7 yr |
| Monthly Rent: |
$6200 Base Rent + $2789 NNN |
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| Additional Information |
| Reason for Selling: |
Other Interests |
| Business Description: |
This is an outstanding opportunity to acquire an established Convenience Store in an excellent Bay Area location. This well merchandised, immaculate store offers a full line of food, drink and household products at competitive prices.
Established in the early nineteen nineties, this store has performed throughout the up and down periods of Silicon Valley. Today business continues to thrive through effective management based on a philosophy of excellent customer service and a broad selection of merchandise. The products include frozen, dry and canned foods, dairy products, various non-alcoholic, soft and energy drinks, snack foods and candy, household cleaners and soaps, bathroom and personal hygiene products, cards, school supplies and periodicals. The store offers lotto, money orders and check cashing services, refills propane tanks and provides an ATM for added customer convenience. A large selection of beer and wine as well as tobacco products round out the offering.
This neighborhood store is situated in a high-traffic strip center at a major intersection and centrally located in close proximity to both housing and businesses. The facility is Approximately 5200 square feet that includes ample cold storage and freezer cases, large register/counter area and a small office and back room.
The is an excellent opportunity for a hands-on owner operator or family to continue to grow the business. The current owner wants to pursue their other business interests and is ready to pass on their expertise to the right buyer to ensure a smooth transition.
*Price excludes inventory estimated at a cost of $60,000.
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| Potential for Growth: |
Excellent opportunity for a hands-on owner operator or a family to continue to grow the business. |
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