Sam Z a young Arabic gentlemen that had the American dream, bought a rundown beverage store. He liked the location. It was surrounded by factories. The seller (Mike) had been there for 20 years. He had run out of steam. When I listed the business he said if another person walked into the store and asked for a 6 pack of beer he was going to scream.
The business interior was not clean. It did not have any walk-in coolers.
Sam bought the store with good terms and the seller was going to finance the business. Sam paid $80,000.00 with $40,000.00 as a down payment.
He cleaned the place, put a walk-in cooler in, built an office and started a check cashing business.
He built that check cashing into a $10,000,000 a year check cashing business. After 15 years I sold the store for Sam for $400,000. All cash.