Listing ID: 71284
Don’t miss out on this amazing opportunity to become a business owner! All of the inventory and fixtures/ equipment is included in the sale. The lease is transferrable with no triple nets for 4 years. Lottery and ATM already in place and tobacco sales and food can be added for an extra source of income! This opportunity does not come around often so act fast before it passes you by! CONTACT ME FOR MORE INFORMATION
- Asking Price: $95,000
- 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
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,300
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Seller is relocating his family back to another state to be near family.
The business has 1 employees and is located in a building with disclosed square footage of 2,300 sq ft.
The real estate is leased by the company for $1,750 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. Nevertheless, the true factor and the one they tell you might be 2 absolutely different things. For instance, they may state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competition, recent reduction in profits, or a variety of other factors. This is why it is really crucial that you not rely entirely on a seller's word, however rather, utilize the vendor's response along with your general due diligence. This will repaint a more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money in order to cover items like supplies, payroll, accounts payable, and so on. Remember that in some cases this can suggest that earnings margins are too tight. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be met or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract new consumers? Often times, operating businesses have repeat clients, which form the core of their day-to-day profits. Certain aspects such as brand-new competitors sprouting up around the location, road construction, as well as personnel turnover can affect repeat consumers and negatively affect future revenues. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the chance to build a returning client base. A last thought is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood median household earnings influence future income potential?