Business Overview

Convenience Store located on a busy road with maximum exposure. Room for more profit centers. Gross Revenue/month does not include sales tax, Lottery scratch tickets,
or Lotto sales. Lot/building approximate size – 16,117sf and 1,458 respectively. Land included in the sale.

Financial statements available upon mutual acceptance.

Financial

  • Asking Price: $2,750,000
  • Cash Flow: N/A
  • Gross Revenue: $130,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $80,000
  • Inventory Included: N/A
  • Established: 1962

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:1,458
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Owners are downsizing and dissolving partnership.

Additional Info

The business was founded in 1962, making the business 60 years old.
The sale doesn't include inventory valued at $80,000*, which ins't included in the asking price.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell companies. However, the true factor and the one they tell you might be 2 totally different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competition, current reduction in earnings, or a range of other reasons. This is why it is really crucial that you not depend entirely on a seller's word, but instead, make use of the vendor's solution combined with your general due diligence. This will paint a much more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses borrow money so as to cover items like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that earnings margins are too thin. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in new customers? Many times, companies have repeat consumers, which develop the core of their daily revenues. Certain aspects such as new competitors growing up around the area, road building, and also personnel turnover can influence repeat customers and negatively influence future earnings. One vital thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business often, the better the opportunity to develop a returning customer base. A final idea is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Exactly how might the local median family earnings influence future income potential?