Business Overview

Accepted Offer: Back Up Offers can be submitted from prior prospects that have reviewed the business. $1,300,000+ Yearly Sales with an absentee owner. High traffic Vancouver location. The interior has been entirely remodeled within the past 18 months. Brand new beer cave/growler station with 20+ taps, new refrigeration, keg room, lights, electrical, plumbing, flooring, cabinets and signage. A buyer will have a turnkey, entirely updated, brand new interior, 1st class establishment. Consistently doing $110,000 in sales a month. Lotto, ATM, hot food (pizza, corn dogs, burritos) and packed with inventory. It is currently absentee owned and would be a fantastic family owned/operated business. The building is not owned by the business owner and is not currently for sale. A Non-Disclosure Agreement (NDA) is required for further information on this opportunity. It will be emailed through DocuSign once your inquiry is received.

Financial

  • Asking Price: $425,000
  • Cash Flow: $136,514
  • Gross Revenue: $1,344,968
  • EBITDA: N/A
  • FF&E: $84,175
  • Inventory: $100,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,100
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease is currently $3,386 + $950 (approximate NNN) = $4,336 monthly. Expiration is 5/31/2025 with two 5-year buyer options. Strip mall location. The building is not for sale and no gas station is associated with this listing. Recent tenant improvements were completed totaling $109,000. Improvements included: new refrigeration, new flooring, new cabinets, lighting and signage. Complete list of tenant improvements provided in the Confidential Business Review.

Purpose For Selling:

Other businesses.

Pros and Cons:

This store will have staying power and repeat customers for many years to come due to the tenant improvements. It is a beautiful, first class, clean store that is the envy of nearby competition.

Opportunities and Growth:

The business does fantastic and could benefit from an owner operator/family that wanted to work in the business and make the money for themselves. $136,514 Owner Benefit with an absentee owner so over a $200k yearly income possible with a working owner.

Additional Info

The deal won't include inventory valued at $100,000*, which ins't included in the requested price.

The company has 8 employees and is situated in a building with approx. square footage of 3,100 sq ft.
The real estate is leased by the company for $4,336 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell businesses. However, the genuine factor vs the one they tell you might be 2 absolutely different things. For instance, they may say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competitors, current decrease in earnings, or a range of other factors. This is why it is extremely vital that you not count absolutely on a vendor's word, but instead, use the seller's solution combined with your general due diligence. This will repaint a much more sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans in order to cover things like inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that revenue margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be met or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract new consumers? Many times, operating businesses have repeat customers, which develop the core of their day-to-day profits. Particular aspects such as brand-new competition growing up around the area, roadway building and construction, and personnel turn over can impact repeat clients and negatively influence future earnings. One crucial point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the higher the possibility to build a returning consumer base. A final thought is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the regional mean home income influence future revenue potential?