Listing ID: 70113
Business Overview
Average Inside Sales are $20,000! Fuel sales are currently 22,100 gallons at 10 cents per gallon! Lottery $600 commission monthly, $200 atm monthly.
50 mins from Knoxville, TN! 30 mins from Cleveland, TN!
Store is an interstate location with great potential to grow. This is an absentee owner operated business. Landlord recently paved parking lot and updated exterior of store. Since updates the sales increased last month to $25,000 inside last month and 34,000 gallons outside. Projected summer sales inside are $40,000 and 40,000 gallons outside.
Rent is $3,000 (Landlord pay property tax)
Store hours:
5am to 9pm daily
Asking Price for Business-only: $50,000 + inventory! Priced to sell quickly!
If interested, please give us a call anytime at 865-466-7240
Financial
- Asking Price: $50,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $25,000
- Inventory Included: N/A
- Established: 2016
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:1,540
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
1540 sf with 2 gas pumps.
2 weeks
other business
Additional Info
The venture was established in 2016, making the business 6 years old.
The sale doesn't include inventory valued at $25,000*, which ins't included in the listing price.
The company has 2 employees and is situated in a building with approx. square footage of 1,540 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell operating businesses. Nevertheless, the true reason and the one they say to you may be 2 entirely different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competition, current decrease in earnings, or a variety of other factors. This is why it is very crucial that you not count completely on a seller's word, yet instead, use the seller's answer in conjunction with your overall due diligence. This will paint a more reasonable picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering points like inventory, payroll, accounts payable, etc. Remember that sometimes this can mean that profit margins are too thin. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in new customers? Often times, businesses have repeat consumers, which form the core of their daily earnings. Particular aspects such as new competition sprouting up around the area, roadway construction, as well as staff turnover can impact repeat clients and negatively impact future revenues. One important point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the higher the possibility to develop a returning customer base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? How might the local median family earnings influence future income prospects?
