Listing ID: 72954
Great Income Gas station only 70 Miles from DFW
Inside Sale: $80.000
Gas Sale : 16000 Gallons
Lotto/ATM : $ 3000
Misc. Income : $ 8000
ASKING PRICE : 999,000+Inventory
Absentee Ownership, owner operator can increase sale.
Surrounded by neighborhood.
Seller will provide the new buyer 2 weeks training after business is purchased.
CALL Tamanna @ 469-618-0530 FOR MORE DETAIL
- Asking Price: $999,000
- 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:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell businesses. However, the genuine reason and the one they tell you might be 2 totally different things. For instance, they may state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or an array of other reasons. This is why it is really essential that you not rely completely on a seller's word, yet rather, utilize the seller's answer in conjunction with your general due diligence. This will paint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover points such as supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that profit margins are too small. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract brand-new clients? Many times, businesses have repeat consumers, which form the core of their everyday revenues. Certain variables such as new competition sprouting up around the location, roadway construction, and also personnel turnover can impact repeat consumers as well as adversely impact future earnings. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the greater the chance to develop a returning client base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood average household earnings effect future earnings prospects?