UPS Store (Pending)

File# C2346
Location: South East Michigan
Business Price: $650,000
Down Payment: Cash at closing
Monthly Payment:
Interest Rate:
Amortization Period:
Gross Sales: $832,768
Source: 2016 Income Tax Return
Cash Flow: $187,723
Source: 2016 Income Tax Return
Inventory:
Days Open: 6 Days
Business Hours: Monday - Friday 8am-6pm, Saturday 9am-5pm
Seats:
Parking: ample
Licences Required:Franchise, notary, sales tax
Year Established:1991
Year Acquired: 2003
Monthly Rent:$2,268.16 NNN ($631.27)

Profile:

Profile: Very confidential. No faxed or emailed Confidentiality Agreements. Do not disclose to other franchisees without first obtaining approval from listing agent. Please arrange any appointments to tour the store with listing agent, Greg Edgecomb which must be done when the store is closed.
This is one of the best UPS Stores in the chain. Sales and profits have continued to increase through-out the years. Cash flow to owner for 2016 was $187,723. There are currently over 600 mail boxes rented.
The entire store was rebuilt in 2013 in its current location. All of the then franchisor required upgrades were made at that time.
Ongoing Royalties are 5% and the National Ad Fund expense and the Ad Fee expense is approximately 4.5% of the sales subject to Royalties. The national accounts generate enough income for this location to pay nearly all of the franchisor royalties and advertising expense. In addition to the purchase price, purchaser will also be responsible for training and transfer costs to the franchisor. There are 2 weeks training locally and 2 weeks training in San Diego, CA required of franchisees.
The effective date of the sale is to be January 1, 2018 or later.

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This information has been supplied to Broker, Capital 1 Commercial Group, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.