Listing ID: 70123
This tobacco store is $199,900 and is as follows:
Inside sales $65,000 per month
Lottery sales $30,000 per month
Rent $2,300 inclusive of CAM Insurance and Taxes
Brand new dual terminal POS
Brand new armor safe with bill acceptors and change vending worth 9000 dollars included
32 Taps Draft beer to go vending system included
Drive Thru Window
Brand new Indoor Ice Mechandiser included
ATM machine included. No processing fees. Owner keeps the entire $3 transaction fee.
Walk in Beer Cave
Walk in cooler
Three, dual door cigar humidors included
Ice cream merchandiser included
Total 8 years remaining on current low rent lease by 3 year renewal options.
Motorized Sun light and heat protection package recently installed at an expense of
Entire store recently remodeled, painted and high end graphics and signage package installed.
- Asking Price: $199,900
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 totally different things. As an example, they might state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be reasons to attempt to conceal the reality of altering demographics, increased competition, current reduction in revenues, or an array of various other reasons. This is why it is very vital that you not count absolutely on a vendor's word, however rather, make use of the seller's response combined with your overall due diligence. This will paint a more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover points such as stock, payroll, accounts payable, and so on. Remember that sometimes this can imply that revenue margins are too small. Many businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new consumers? Many times, companies have repeat consumers, which develop the core of their day-to-day earnings. Specific aspects such as brand-new competitors sprouting up around the area, road building and construction, and employee turn over can affect repeat consumers and adversely influence future earnings. One crucial thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business often, the higher the chance to construct a returning customer base. A last idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? How might the neighborhood median household income impact future income potential?