Business Overview

This is Turn Key well-established Tobacco Shop conveniently located on very busy road with very low monthly rent . This shop has same owners for last 25 years, There is lot of room for improvement some updates to inside and outside of store and adding more variety in products will immediately have positive effect on sale. This store is priced for quick sale. Owners are very motivated and this will not stay in market too long.

Financial

  • Asking Price: $75,000
  • Cash Flow: $3
  • Gross Revenue: $439,337
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1997

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,000
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Owner will Train

Purpose For Selling:

Retiring

Additional Info

The venture was established in 1997, making the business 25 years old.

The business has 2 PT employees and resides in a building with approx. square footage of 1,000 sq ft.
The real estate is leased by the company for $1,200 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 completely different things. As an example, they might state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may just be excuses to try to hide the reality of changing demographics, increased competitors, current reduction in profits, or a range of various other reasons. This is why it is really important that you not count completely on a seller's word, yet instead, use the vendor's solution along with your overall due diligence. This will repaint a much more practical image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover things like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that earnings margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in new clients? Most times, businesses have repeat consumers, which develop the core of their everyday earnings. Specific variables such as new competitors growing up around the area, road building, as well as staff turn over can impact repeat clients as well as adversely impact future incomes. One vital point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the possibility to build a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Exactly how might the neighborhood median household income influence future income potential?