Business Overview

Turn key money maker well established location. Doing over million in sale annually. This is must see location, current owner on same location for more then 25 years. Ample opportunity for growth. Current owner refrain from selling beer and lottery money gram due to personal reason. New owner can easily increase sell by just adding few more things in already very busy location. Located in heart of Seattle in very busy street with lot of foot traffic.
SEMI ABSENTEE OWNER

Financial

  • Asking Price: $249,000
  • Cash Flow: N/A
  • Gross Revenue: $1,202,425
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1996

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,400
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

BEST DOWNTOWN SEATTLE LOCATION

Is Support & Training Included:

SELLER WILL TRAIN

Purpose For Selling:

Retirement

Pros and Cons:

Very little competition

Opportunities and Growth:

Beer, Lottery, MoneyGram, Check Cashing

Additional Info

The company was founded in 1996, making the business 26 years old.

The business has FT: 2 PT:3 employees and resides in a building with approx. square footage of 1,400 sq ft.
The building is leased by the business for $10,197.59 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell operating businesses. However, the true reason and the one they say to you might be 2 completely different things. As an example, they might claim "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competitors, recent decrease in incomes, or a range of various other reasons. This is why it is really crucial that you not rely entirely on a seller's word, however instead, use the vendor's solution combined with your overall due diligence. This will repaint an extra reasonable picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that profit 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 likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location bring in brand-new consumers? Often times, operating businesses have repeat clients, which create the core of their everyday profits. Specific elements such as new competition growing up around the area, road building, as well as staff turn over can influence repeat consumers and also negatively impact future earnings. One essential thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the better the possibility to construct a returning consumer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? How might the regional median family earnings influence future revenue potential?