Listing ID: 72576
Beautiful and clean with all the amenities such as lighting and layout in this 4 year old store. A great portion of revenue comes from beer and wine sales.
Hours 6AM to 11 7 days a week. Busy central downtown location
- Asking Price: $275,000
- Cash Flow: $80,000
- Gross Revenue: $825,000
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $55,000
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,100
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
excellent modern lighting with energy efficient refrigerators in this grocery store
3 convenience stores too much work want to sell this one
Very little competition in the immediate area with lots of students and hotels
The company was established in 2015, making the business 7 years old.
The sale shall not include inventory valued at $55,000*, which ins't included in the asking price.
The company has 4 employees and is located in a building with disclosed square footage of 2,100 sq ft.
The real estate is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell businesses. Nonetheless, the real factor and the one they tell you may be 2 completely different things. As an example, they may claim "I have way too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, current decrease in revenues, or a variety of other factors. This is why it is really essential that you not rely totally on a seller's word, however rather, utilize the seller's response along with your total due diligence. This will repaint an extra sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses finance loans with the purpose of covering points such as stock, payroll, accounts payable, etc. Remember that sometimes this can indicate that earnings margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be met or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new customers? Often times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Certain variables such as new competition growing up around the area, road building and construction, and employee turnover can affect repeat consumers and also negatively influence future incomes. One essential point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the better the opportunity to build a returning consumer base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional mean household income effect future revenue potential?