Small Town Convenience Store

[Catherine Emert]

Investment Info:

other investment in La Pine.

Listed and found an investment buyer for a small town convenience store that grosses over $4million a year.

What made you interested in investing in this type of deal?

I grew up in this town and personally know the owner and founder of the store. In a city of 1700 people he was able to build a store that served more than the community and grew to gross over $4million a year.

How did you find this deal and how did you negotiate it?

The owner actually called my business partner and didn't realize that I was a broker, once I contacted him he realized that he has known me for nearly 30 years and after a few meetings we signed the listing agreement. Within minutes of the listing being live we had the phone ringing. We ended up with multiple offers.

How did you finance this deal?

This is being financed by SBA.

How did you add value to the deal?

I brought a knowledge of a small town most have never heard of and the ability to balance both the buyer and the seller's needs.

What was the outcome?

Happy clients on both sides!

Lessons learned? Challenges?

Interview SBA lenders more and verify how prompt they are and how quickly they can get the deal together.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was the broker on both sides of this deal.