Business Overview

The absolutely perfect location, is what makes this store so profitable. On the main street, in city center, near the convention center, federal court, hotels and university, sales top $100,000 every month. The rent is low, the profit is high and the deal is right.
The owner lives in an apartment in the same building as the store. Talk about an easy commute. The lease is locked in for the next 10 years, this is really a unique opportunity.

Call Jeff Neuburg 703-623-5575

Financial

  • Asking Price: $660,000
  • Cash Flow: $220,000
  • Gross Revenue: $1,350,000
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: $70,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,400
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Located downtown, sells beer, wine, lottery, groceries, pastries, etc. With a slight renovation, the sales can go even higher.

Is Support & Training Included:

2 weeks

Purpose For Selling:

Owner moving the DC area to be near family

Pros and Cons:

Not a 7/11 in sight!

Opportunities and Growth:

Potential unlimited due to location. No marketing, website or any kind of promotion has been done.

Additional Info

The deal shall not include inventory valued at $70,000*, which ins't included in the listing price.

The business has 4 employees and is located in a building with estimated square footage of 2,400 sq ft.
The real estate is leased by the business for $3,600 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell businesses. Nonetheless, the real reason vs the one they say to you might be 2 absolutely different things. As an example, they may claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of various other factors. This is why it is very crucial that you not count entirely on a seller's word, yet rather, make use of the seller's answer together with your overall due diligence. This will paint a more sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover items like stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that revenue margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be met or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location draw in brand-new consumers? Many times, operating businesses have repeat customers, which develop the core of their day-to-day profits. Certain elements such as new competition sprouting up around the area, road building and construction, and also employee turn over can affect repeat customers and also adversely impact future incomes. One important thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the higher the chance to build a returning client base. A final idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood typical house income effect future earnings prospects?