Listing ID: 71529
This convenience store located in Metro Boston with beer & wine .
7 days ,hours open 8:00am- 8:00pm The lottery commission is $38,000. income $2000.
Gross sales in winter months $900/1000 a day. The spring-fall averages $1300-1400 a day.
The potential buyer must be a US citizen.
The Liquor license(beer & wine) value is in the city of boston $70-90,000 depends on which part of the city it is .
Please go to business website use ID #HM
- Asking Price: $129,000
- Cash Flow: N/A
- Gross Revenue: $350,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $20,000
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Will train new buyer in managing the store.
The company was established in 2017, making the business 5 years old.
The transaction won't include inventory valued at $20,000*, which ins't included in the asking price.
The company has 1 employees and is located in a building with approx. square footage of 1,500 sq ft.
The real estate is leased by the company for $2,400 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. Nevertheless, the true factor and the one they tell you might be 2 entirely different things. As an example, they may state "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, current reduction in revenues, or an array of various other factors. This is why it is extremely vital that you not depend absolutely on a vendor's word, but instead, make use of the seller's response in conjunction with your general due diligence. This will repaint an extra practical image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans in order to cover points like stock, payroll, accounts payable, and so on. Remember that in some cases this can imply that revenue margins are too small. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in new consumers? Often times, businesses have repeat customers, which develop the core of their everyday earnings. Particular factors such as brand-new competitors sprouting up around the area, roadway building and construction, and personnel turn over can influence repeat customers and adversely impact future profits. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to construct a returning consumer base. A final thought is the basic area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the local typical home earnings impact future earnings prospects?