Listing ID: 67594
With annual sales projected to $2,490,000 includes (Gasoline + Inside Merchandise)
Business Highlights: –
•The owner makes 4 cents commission per gallon on gas sales.
•Post-COVID-19 Averages 150,000 Gallons of Gas per month
•Pre-COVID-19 Averages 240,000 Gallons of Gas per month
•Gas area has 4 pumps.
•Inside Sales Averages $45,000 per month
•Post-COVID-19: – $4,500 per month
•Pre-COVID-19: – $7,500 per month
Building Area: – 2,002 Sf
Additional Revenue Streams: – ATM, air, pay phone, & other reimbursements
- Asking Price: $249,000
- Cash Flow: $132,000
- Gross Revenue: $2,790,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,002
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2018, making the business 4 years old.
The company has 3 employees and is situated in a building with estimated square footage of 2,002 sq ft.
The real estate is leased by the business for $4,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nevertheless, the true factor and the one they say to you may be 2 totally different things. For instance, they might say "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or a range of other reasons. This is why it is extremely important that you not rely totally on a vendor's word, yet instead, use the vendor's answer in conjunction with your general due diligence. This will paint a much more sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that profit margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations 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 must be met or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new clients? Often times, businesses have repeat consumers, which develop the core of their day-to-day revenues. Specific variables such as new competition growing up around the area, road building, as well as employee turn over can impact repeat consumers and also negatively impact future revenues. One essential thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the opportunity to build a returning client base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood typical home earnings effect future earnings prospects?