Business Overview

This convenience store in a shopping plaza on the main street in a city just north of Boston is doing average of $1,400 daily gross with a yearly lottery commission of $160,000. The ATM generates $12,000 yearly commission. The size of the store is 2,800 square feet. 7 day operation with hours 6:00am-11:00pm * liquor store license is available .

Please go to business website ID# SM

Financial

  • Asking Price: $169,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $40,000
  • Inventory Included: N/A
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,800
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Will train new buyer in management

Purpose For Selling:

partnership

Opportunities and Growth:

The store is consider to be large. The landlord will permit other types of products or mechandise to be sold.

Additional Info

The company was started in 2018, making the business 4 years old.
The transaction won't include inventory valued at $40,000*, which ins't included in the requested price.

The company has 4 employees and is situated in a building with estimated square footage of 2,800 sq ft.
The real estate is leased by the company for $8,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell businesses. Nonetheless, the genuine factor vs the one they tell you might be 2 totally different things. As an example, they might say "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or a variety of other reasons. This is why it is extremely important that you not depend totally on a seller's word, but rather, utilize the seller's answer combined with your total due diligence. This will paint an extra reasonable picture of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many businesses take out loans with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that revenue margins are too small. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area attract brand-new consumers? Most times, businesses have repeat consumers, which create the core of their daily profits. Certain variables such as brand-new competitors sprouting up around the area, roadway building and construction, and staff turnover can impact repeat customers and adversely impact future revenues. One vital point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the better the opportunity to build a returning consumer base. A last idea is the general location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Just how might the local mean family earnings influence future revenue potential?