Business Overview

Turnkey business for sale with a loyal customer base and a long history in Portland (since 2003)! This is a wonderful opportunity to breath new life into a beloved long time business. Store is replicable in other markets and online sales and marketing will launch revenues to the next level.
The sale includes training for a seamless transition.
Owner does not work actively in the business and receives salary and medical/dental benefits.

Please contact for NDA and full information.

Financial

  • Asking Price: $299,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: $97,643
  • FF&E: N/A
  • Inventory: $49,000
  • Inventory Included: Yes
  • Established: 2003

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,800
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Training for transition included in the sale

Purpose For Selling:

Owners want to retire and move closer to family

Pros and Cons:

Plant-based businesses are booming and Portland is a hub and tourist destination for all things vegan. Convenience store is easily adaptable to new products and categories.

Opportunities and Growth:

Expand to online sales to explode revenues. Convenience store format is easily adaptable and buyer can add other revenue sources such as liquor sales, etc.

Additional Info

The business was founded in 2003, making the business 19 years old.
The sale does include inventory valued at $49,000, which is included in the suggested price.

The company has 3 employees and is located in a building with approx. square footage of 1,800 sq ft.
The property is leased by the business for $2,800 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell businesses. Nevertheless, the genuine factor vs the one they say to you may be 2 totally different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be justifications to try to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or a range of various other reasons. This is why it is very crucial that you not rely entirely on a vendor's word, however instead, make use of the seller's response in conjunction with your general due diligence. This will paint a more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover items such as stock, payroll, accounts payable, etc. Remember that in some cases this can indicate that revenue margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in brand-new clients? Most times, companies have repeat customers, which create the core of their daily profits. Specific variables such as new competition growing up around the location, roadway construction, and staff turnover can affect repeat customers as well as negatively influence future incomes. One important point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the chance to build a returning client base. A last thought is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood typical house earnings influence future income prospects?