Business Overview

This convenience store has lifetime customers due to it’s convenient location, right off a major road in a residential sector of Fort Worth! The amazing customer service, drive-thru window, wide variety of product options, and numerous amenities within the establishment create the perfect atmosphere for locals to stop by on the way to and from work. The lot also has another building that houses a long-term automotive repair tenant, who pays $1,250/month in rent. This convenience store is family-owned, and they are looking to retire after building a tremendous business, and staple in the community.

Monthly Sales: $35,000/revenue

Monthly Profit: $7,000…

Monthly Other Income: $15,000….

Monthly Rental Income: $1,250/month….

Size: 4200 Sqft

Electric: $200/month

Financial

  • Asking Price: $700,000
  • Cash Flow: $114,000
  • Gross Revenue: $420,000
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $50,000
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:4,200
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

This is an asset sale, but owner training is negotiable

Purpose For Selling:

Retirement

Pros and Cons:

This business has almost exclusive access to neighboring residents

Opportunities and Growth:

This business has room to secure another tenant and increase passive revenue even further

Additional Info

The venture was started in 2011, making the business 11 years old.
The sale shall not include inventory valued at $50,000*, which ins't included in the requested price.

The company has 3 employees and is situated in a building with approx. square footage of 4,200 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell businesses. Nevertheless, the real factor vs the one they say to you might be 2 totally different things. For instance, they may state "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competitors, recent reduction in incomes, or a range of various other factors. This is why it is extremely vital that you not count absolutely on a seller's word, yet instead, use the seller's solution in conjunction with your general due diligence. This will repaint a more reasonable picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that profit margins are too small. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to 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 agreements with vendors that must be fulfilled or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location draw in brand-new clients? Most times, operating businesses have repeat clients, which develop the core of their everyday revenues. Certain factors such as new competitors sprouting up around the area, roadway building, as well as employee turn over can affect repeat consumers and also negatively influence future earnings. One crucial point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning customer base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it located on the edge of town? Exactly how might the neighborhood average house income impact future income prospects?