Hey y'all, so I made a post a couple days about how a convenience store was offered for sale to me with inventory at $10,000. I decided to do a little more research after I got some replies and found a lot of things. The current tenant doesn't own the real estate and his lease is up June 30. The current owner of the building wants him out because he never opens, the 10 door cooler in the store and some shelving will stay. Most of his products we're specialty hard to sell products or expired. Nothing I really saw value to besides the stores being established for 8+ years. I spoke to the landlord about the guy closing and me re-opening in, which he has no problem with and is all in, he wrote me out a contract with rent, water, and trash included at $2048.00 a month, with the first 2 months free to get inventory and up and running. I won't be having to spend a dime paying the current owner because he's out and the cooler and shelving stays. The minimum lease term is 3 years with rent increasing no more then 3% after the 3 years are up. The store is 1200 sq feet. I am allowed to sell anything but alcohol. I have the time and income and I feel like I am ready to take this on! Do you guys have any recommendations or good kept secrets on the best way to get inventory cheap, how much I should be marking up, and must haves in the store. If it helps it is located in So-Cal. I have the basic understanding of convince stores but want to learn some more. Thanks!
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